LIBOR Session 3: Who could be damaged? What Classes are damaged? Quantifying the effect of the alleged LIBOR manipulation on Banks, Businesses and Consumers.

After four years in the courts, the LIBOR litigation may now be poised to address many market/economic issues of the antitrust claim.

  • How much market power did LIBOR panel banks have?
  • How long could a collusive agreement influence the LIBOR market?
  • Which LIBOR denominated contract holders were damaged?
  • On how many days were plaintiffs hurt or helped?
  • What has four more years of economic research shown about LIBOR  manipulation?

This three part series will begin with the market microstructure of LIBOR setting and how many collusive banks would be needed to move LIBOR certain magnitudes. It will continue  to  market models of contracts and how some common features of contract impact who was damaged. And it will continue through a review of the existing research about LIBOR manipulation, including those that have been performed in the last four years.

Join us to hear more: LIBOR Manipulation and Its Impact On Markets – a four part series:

Session 3: Who could be damaged? What Classes are damaged? Quantifying the effect of the alleged LIBOR manipulation on Banks, Businesses and Consumers.
Instructors:
Dr. Timothy Weithers: Former Managing Director, UBS and Executive Director, Chicago Trading Company.

Dr. Daniel S. Levy: National Managing Director of Advanced Analytical Consulting Group, Former National and Global Director or Economic and Statistical Consulting at both Deloitte Financial Advisory and Arthur Andersen’s Business Consulting.

This session will cover the following topics:

  • Given the alleged activity, who, what and where could the alleged LIBOR manipulation touch?
  • What are the methods of determining the incidence of damage?
  • How might Indirect Purchasers of financial services be impacted?
  • Could the alleged manipulation influence actual LIBORs plus differential, or just listed LIBORs?
  • If only listed LIBOR could be manipulated, which banks, businesses and consumers are affected?

WHEN IT HAS TO BE RIGHT