Found 2 article(s) for author 'Clayton Rose'

Barclays and the LIBOR Scandal

Barclays and the LIBOR Scandal. Clayton Rose, May 2013, Case. “In June of 2012, Barclays plc admitted that it had manipulated LIBOR—a benchmark interest rate that was fundamental to the operation of international financial markets and that was the basis for trillions of dollars of financial transactions. Between 2005 and 2009 Barclays, one of the world’s largest and most important banks, manipulated LIBOR to gain profits and/or limit losses from derivative trades. In addition, between 2007 and 2009 the firm had made dishonestly low LIBOR submission rates to dampen market speculation and negative media comments about the firm’s viability during the …”  May require purchase or user account. Link verified March 28, 2014

Tags: , , , , , , , , , , ,

High Wire Act: Credit Suisse and Contingent Capital

High Wire Act: Credit Suisse and Contingent Capital. Clayton Rose, May 2013, Case. “Late in 2010, Credit Suisse CEO Brady Dougan and his team considered whether or not to issue contingent capital, which Swiss regulators would require by 2019. They faced a number of substantial issues, including: Would contingent capital actually work as conceptualized and provide sufficient loss absorption when called upon? Would it be cost effective? Would there be sufficient demand for this new instrument? What were the risks to Credit Suisse’s reputation with clients and regulators if an issue did not go well? In addition, The Basel Committee, the body…” May require purchase or user account. Link verified March 28, 2014

Tags: , , , , , , , , , , , , ,