198. The Trader Who Paid For The Financial Crisis
The Rest Is Money
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Navigating LIBOR: A Trader's Perspective
This chapter examines a trader's successful tenure at UBS in Tokyo from 2006 to 2010, emphasizing the complexities of trading and the LIBOR framework. It highlights the importance of LIBOR in determining interest rates and its influence on financial derivatives, while engaging in discussions about ethical concerns and potential manipulation. The chapter ultimately reveals the challenges faced by traders during a tumultuous period in financial history, underscoring the intricacies of market dynamics and regulatory implications.
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