British police and anti-fraud officers this week have made the first arrests in a global interest rate rigging scandal involving the London interbank offered rate (Libor), the global benchmark for more than US$300 trillion of contracts. Photo: EPA

Rigged Libor shows flaw of self-regulation

TOP PICKS

British police and anti-fraud officers this week have made the first arrests in a global interest rate rigging scandal involving the London interbank offered rate (Libor), the global benchmark for more than US$300 trillion of contracts. Photo: EPA
READ FULL ARTICLE