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LIBOR: Everything You Ever Wanted to Know But Were Afraid to Ask | Authors: Michael R. Koblenz, Kenneth M. Labbate, and Carrie C. Turner

LIBOR: Everything You Ever Wanted to Know But Were Afraid to Ask | Authors: Michael R. Koblenz,  Kenneth M. Labbate, and Carrie C. Turner

Since the LIBOR rigging scandal broke into the public consciousness in mid- 2012, every day’s news seems to bring with it reports of new litigation and regulatory actions. The effects of the debacle will likely play out in courts around the world for years.

The goal of this article is to present the reader with a general overview of the LIBOR: its genesis and development, how and why London bankers manipulated the LIBOR, the liability of implicated parties, criminal penalties, the impact of criminal penalties on director and officer insurance carriers, and what the future holds for the LIBOR.

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