INSTRUCTOR: PROF. LUC KEULENEER GROUP PAPER: WHAT WENT WRONG WITH LIBOR RATES? “Honesty is a very expensive gift. Do not expect it from cheap people” Warren Buffet Table of Contents Introduction 2 History 2 Origen of the crisis 3 Probable Reasons for the LIBOR manipulation 5 Main players involved in the LIBOR scheme 6 Recommendations on what to do to avoid this problem 6 Reference List 8
Premium Bank Financial services Interest rate
While not all crises can be foreseen‚ let alone prevented‚ all of them can be managed far more effectively if we understand and practice the best of what is humanly possible. (Ian Mitroff‚ Gus Anagnos: ” Managing crises before they happen”) 1. What went wrong? As we can see from the text of the case the several things went wrong in McDonalds Argentina. 1. First of all there were a lot of accidents of people compliance on the company’s food. It was quite usual for the call-center of
Premium Question Crisis Journalist
boson who is the deck hand in charge opened the forward store and started the ventilation fan. Immediately an explosion[Fig-5] occurred and the boson was killed. Also‚ it ruptured the forward store badly and deformed the forward shape. [36] What Went Wrong (Critical Factors): The de-humidifier consists of several valves which was connected to cargo line. In the normal procedure the vessel must remove the spool connection from the cargo line and the de-humidifier. In the above case‚ after investigation
Premium Petroleum World Trade Center Chernobyl disaster
associated with that environment will also be considered. The best way to understand the macro environment in Russia is to carry out a PEST analysis. PEST stands for the political‚ economic‚ social and technological environments. This type of analysis can be considered an external appraisal of the business. The aim of this framework is to supply a reasonable overview of the different macro-environmental factors that affect a business’s strategy. Political To begin with I will consider the political
Premium Retailing Russia
Chris Cheng CLSC 300I The Roman Empire: What went wrong? Rome was founded as a small farming town in 753 BC. It grew to a vast empire that enveloped the whole Mediterranean Sea. It spanned from the western shores of what is now Portugal‚ to as far as the modern day Persian Gulf to the east. It remained as the world’s largest and most powerful empire in the ancient world for about 1100 years. But by 476 AD‚ the stress of war and the multiple sackings of Rome proved too much for the once mighty
Premium Roman Empire Ancient Rome
areas. It left families grieving for those who were lost‚ and left a nation feeling sorry for those that were now homeless. The preceding actions that took place after the storm are what might be remembered most about this devastating storm. Epic Failure The post storm relief effort of Hurricane Sandy or lack of it is what is making news today. The lack of both a tactical and strategic plan from important leaders of our country has left victims of the storm still struggling to pick up the pieces nearly
Premium Strategic management Storm Strategy
Dec. 1‚ 2011 Casey Anthony Trial What Went Wrong? Since the day that Casey Anthony was acquitted of all felony charges people everywhere have been asking themselves‚ “What went wrong?’’. How could it be that this women‚ whom everyone was sure had murdered her child‚ walked away with only 4 misdemeanors? All of which were of making a false statement to law enforcement. Our justice system says that the innocent until proven guilty beyond reasonable doubt
Premium Jury Murder English-language films
What Went Wrong With Forzani’s Group Managing a company is not the easiest thing to do. That being said‚ there are many factors in helping your company grow. Over the years a company will ‘evolve’ so to say‚ and will not be the same as it was 10‚ 20 maybe 50 years ago. Lately‚ Forzani Group Ltd. Has not has been doing as well as it was in the past. ‘Not so long ago‚ this Calgary-based company was considered an unrivalled league leader‚ with more than 390 stores nationwide‚ and
Premium Management Economics Corporation
Euro Crisis- What went wrong in the Eurozone? The euro was launched in 1999 and the idea was to reduce trading costs‚ boost tourism‚ and smooth the economy. However‚ instead of running a budget deficient‚ most governments spent more than they were earning. Many countries such as Spain‚ Ireland‚ Portugal‚ UK and worst hit was Greece have plummeted into debt gradually since then‚ and if lenders do not believe that countries can pay back their debts interest rates will begin to soar and borrowing will
Premium Euro European Union Greece
its advertising revenues. Time Warner merged with America Online in 2001 at the height of the dot-com boom‚ with AOL using its inflated stock as a currency for the transaction. But the marriage of old and new media behemoths baptised quickly went sour as the benefits promised to shareholders failed to materialise. AOL was valued at more than $US150 billion when the ill-fated merger was announced‚ but its worth collapsed dramatically as the dot-com bubble burst.
Premium Dot-com bubble