Original post:
From the Commodity Futures Trading Commission:
Examples of Misconduct From Written Communications
Examples of ICAP Yen brokers’ Belief of their Influence on the Yen Market
and the Yen LIBOR Fixings:
“[Cash Broker 1] has been doing a number on some of the contributors because
a couple of them were edging their libors slightly lower yesterday before he intervened;”
“i hope that 6m libor has got me back in your good books!!
used all my powers of persuasion on that one;) ... think
[Bank A and Bank B] must have looked at [Cash Broker A's]
first suggestion . . . . they both moved up 11bps to 1.10”
“[Cash Broker 1]
sending out higher than he thinks so hopefuly
the sheep will just copy”
...MANY MORE
HT: Counterparties
UPDATE-- Joseph Cotterill at Alphaville has more:
No more Mr Libor
