Tom Hayes
Hayes appeal: British and US courts ‘left on different wavelengths’
As published by the Times Every morning, 16 banks across the City of London and Canary Wharf had to answer a question: “At what rate could the bank borrow funds by asking for and accepting inter-bank offers in a reasonable market size just prior to 11am?” This unwieldy “Libor question” bears repeating in any analysis […]