Since 2007, those Libor rates have sparked controversy, as it has become obvious that â??reportedâ? prices can sometimes be distorted, particularly during a crisis. More recently, global regulators have started investigating allegations that traders have sometimes deliberately manipulated Libor too. So now, after years of denial, the British Bankers Association, the body that runs Libor, has finally started a full-scale overhaul. What was taken for granted, is â?? belatedly â?? in play.
Could something similar be about to occur in oil markets too?
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