StudentShare solutions
Triangle menu

The Informational Role of Bank Loan Ratings: barclays libor manipulation - Research Paper Example

Not dowloaded yet

Extract of sample
The Informational Role of Bank Loan Ratings: barclays libor manipulation

I also thank my cliques and friend for their support moreover my supervisor. TABLE OF CONTENTS Declaration 2 Dedication 3 Acknowledgement 4 Table of content 5 1.0. Abstract .6 2.0. Introduction 7,8 3.0. Literature Review 9,10,11,12,13 4.0. Methodology 14,15,16,17 5.0. Results 17 6.0. Discussion (including conclusions and recommendations 18, 19, 20 7.0. List of references 21, 22, 23 8.0. Appendices 1.0 ABSTRACT From 2005 to 2008, some banks are accused of Libor manipulation by submitting lower borrowing cost rates than the standard Libor quotes set by The British Bankers Association (BBA) during the financial crisis, however, UK and US Authority's action was absent at that time. On July 7, 2012, The Economist printed an article that, Barclays became under the spotlight for attempting Libor manipulation and has been fined around $450 million by UK & US regulators. In this paper, the major highlights and study will include the following: 1) Definition and comparison between Libor and Eibor rates. 2) When did Barclays join the 12 financial institutions that set Eibor rates? 3) How Barclays attempted Libor Manipulation Scandal. 4) What hypothesis and models can be developed to test Libor and Eibor rates 5) what results were found after measuring Libor and Eibor rates? 6) How such attempt can impact on prices and other financial institutions. 7) What are the solutions or alternatives to solve this problem and how others assumptions can help in reducing such financial fraud towards economy. 8) What are some recommendations, observations and comments of other researchers, economists, analysts and politicians? Finally, we present a paper that has remedied that can solve the problematic question at hand. This study presents an analysis that addresses the possibility of Libor manipulation and collusion by Barclays bank. 2.0 Introduction Libor is an acronym of the word London Interbank offered rate. This is the rate at which, a bank can borrow funds from other banks, in the interbank market. The Britsh Bankers Association controls the rate at which the bank can borrow daily. The loan is derived from credit worthy banks deposit whose maturity ranges from two weeks to one year. On the other hand, Eibor means Emirates Interbank offered rate. This is charges placed by banks in the United Arabs Emirates on interbank transactions. This is the rate, which the bank places on all transactions with borrowed money in the reserve. The main function of this financial tool is, to regulate the interest and the rate of money supplied into their respective economy. Today, Libor's primary function is to provide a point of reference for unsecured loans between London based banks. Barclays bank in Britain has in the recent tried to manipulate Libor for it to gain more during the financial crisis. This has been possible because Barclays bank is among the 16 banks that are selected to provide a daily quotation for calculation of Libor. The Libor is supposed to measure the rate at which large banks can borrow unsecured funds from other banks at various short-term maturities, and for a variety of currencies. On a daily basis, the 16participating banks are surveyed by the British Bankers Associa ...Show more

Summary

BARCLAYS LIBOR MANIPULATION Nabila Obaid Al Shehhi PROFESSOR'S NAME: Timothy Strother. (Institution Affiliation) (Course) (Date) Dedication I dedicate this work to my family who offered the moral support, my supervisor who guided me in my research. Above all, I want to thank the almighty God for giving me all the strength I needed and keeping me health…
Author : ywalter
The Informational Role of Bank Loan Ratings: barclays libor manipulation essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"The Informational Role of Bank Loan Ratings: barclays libor manipulation"
with a personal 20% discount.
Grab the best paper

Related Essays

Student loan vs bank loan
2. Main Body Role of government in higher education – the government continues to play the most important role in education, as compared to banks, since most college students have benefited from the government student loans more than bank loans. Comparison of conditions and requirements for qualification of federal student loans and bank loans - Federal loans are easily accessible than bank loans.
4 pages (1000 words) Research Paper
Bank Reserves and its Role on Money Supply
This is vital to any developed or developing economy (FRBSF, 2001). In addition, the lending role of commercial banks is the means through which money supply in any economy or financial system alters in reply to the ups and downs of the business cycle. Banks actions are vital determinants of credit and money development, both of a recurring, as well as of a more constant nature.
8 pages (2000 words) Research Paper
Informational interview report
Even though it is still business and the purpose is to profit, the No.1 mission is always to satisfy customers. There were several reasons informing my choice of the restaurant industry as my project. First, guests in a restaurant never stay for nights and days, so the flow of guests in a restaurant per day is much bigger than a hotel, which means that employees in a restaurant get more chances and time to deal with diverse people.
9 pages (2250 words) Research Paper
Student Loan Debt Crisis
The students, those who are pursuing higher education in colleges and universities outside their home town in particular have to bear the costs of college fees, accommodation, living expenses and other courseware related costs. (Deshmukh, 2010) Due to less employment opportunities and lack of means for income generation students are on a very tight budget which is borne either by their parents or by banks as loans.
11 pages (2750 words) Research Paper
Short informational memo report
From the field survey, it was established that only 37 percent of the registered youth voters turned out during the voting day (Elections Canada Web). This report consider the youth as people aged 25 years and below. This was a low turnout compared to the
2 pages (500 words) Research Paper
Informational Interview
mpleted in person after preparing a series of questions, obtaining consent from the interview and consulting literature including Beagrie (83) and Lloyd (112) for guidelines regarding the conduction of an informational interview. The interviewee completed a BSc in computer
2 pages (500 words) Research Paper
Student loan vs bank loan
The federal loans can be subsidized or unsubsidized and include Stafford loans, Perkins loans, and PLUS loans. Obtaining a bank student loan is sometimes a way of supplementing what the federal government
4 pages (1000 words) Research Paper
Direct Manipulation
This principle is applicable in video game controls through graphic elements such as complete three-dimensional engines. Users can use video game controls to change visual angles and see the entire virtual
4 pages (1000 words) Research Paper
An analysis of the impact that advertising has on retail banking for increasing the level of brand awareness; case study on Barclays bank,uk
An effective targeted and integrated marketing plan is inherently necessary to be implemented by banks that would lead to critical success in which advertising
8 pages (2000 words) Research Paper
Direct Manipulation
It allows users to directly act on objects in the interface (Emmerik, 1990). The crux of this interface for interaction is to endorse the impression
3 pages (750 words) Research Paper
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation