Experience Stern | News & Events

Excerpt from Financial Times -- "Worldwide investigations into financial benchmarks have been under way for years now and the list of suspect benchmarks continues to grow. It now includes headliners such as Libor, Euribor, Tibor, ISDAfix, Platts and foreign exchange, with potentially more to come. Hundreds of trillions of dollars in contracts and trades are anchored to these benchmarks, impacting financial markets across the globe. These recent scandals have shaken the market’s confidence in benchmarks. Market participants are beginning to understand that too many benchmark systems are structured to provide the means, motive and opportunity to collude and manipulate these important numbers."

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