Here's an education piece on how to manipulate Libor!
I hope it helps, as you can score 14 years free accommodation if you do it! See this for the free rent offer: Trader jailed for 14 years over Libor rate-rigging
(Just to make this perfectly clear ... I am joking. Please do not manipulate LIBOR, that's not a very nice thing to do at all.)
The UK Telegraph have an explainer up -
What is Libor?
- Libor stands for the London Inter-Bank Offered Rate and is the average cost of borrowing for banks ...
Why is it important?
- It is commonly used as a benchmark for financial products, such as loans, mortgages and savings rates...
How has it been rigged?
- Libor submissions are very predictable, and the system didn't take much work to rig...
