Libor overhaul and criminal sanctions needed: CFAs
After the Barclays fixing scandal, financial analysts are in strong agreement that Libor submissions should be a regulated activity and subject to criminal sanctioning, according to the results of a global CFA Institute survey.
According to a poll conducted by the CFA Institute, 70% of those polled globally believe the submission process for the London Interbank offering Rate (Libor) should be regulated. In Asia-Pacific the percentage was higher, with 81% for the idea of greater regulatory oversight.
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