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Ben Bernanke: Can’t assure with ‘full confidence’ that Libor is reliable

Ben Bernanke: Can’t assure with ‘full confidence’ that Libor is reliable

Jul. 17, 2012
Federal Reserve Chairman Ben S. Bernanke testified Tuesday that he can not assure that a critical global benchmark called the London interbank offered rate, or Libor, is reliable. Libor has come into question after London-based Barclays admitted it schemed to manipulate Libor during the financial crisis.
The Washington Post
Correction: Clarification:

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