Paul Jorion worked from 1998 to 2007 in the American banking sphere as a pricing specialist. Here he sets out his vision of ‘Liborgate’ which is currently shaking British banks.
Le Point.fr : What is the LIBOR rate and what is it used for?
Paul Jorion :…
For the economist and anthropologist Paul Jorion, the financial system needs regulating.
The LIBOR scandal took place in 2008 against a backdrop of almost total indifference. This time there has been a huge outcry. Why?
It is a situation specific to Great-Britain. It…