To the man with a hammer...every problem is a nail

LIBOR is a private arrangement and the banks that set it have the strongest incentives to keep it honest. The government should stick to prosecuting fraud. The private sector institutions that have an interest in LIBOR should club together and make sure that they impose the strongest possible penalties on those that disobey the letter or the spirit of the LIBOR regulations set by the BBA.

Read the full blog post here

Source: http://www.iea.org.uk/blog/to-the-man-with-a-hammerevery-problem-is-a-nail

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