Libor: a little known, or understood, mechanism by which banks set an interest rate average. It became headline news when, in the crucible of the financial crisis, the practitioners were accused of rigging the rate to inflate public perceptions of their banks' health. But was all as it seemed? And were the traders – men like Tom Hayes and Carlo Palombo – who carried the can for Libor rigging, really just scapegoats? In this joint podcast with A Long Time in Finance, Nicholas Mostyn and Helena Kennedy ask whether a miscarriage of justice was administered in the pursuit of retribution on a broken financial system.
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