Barclays and the Libor: Anatomy of a Scandal Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Barclays and the Libor: Anatomy of a Scandal Case Solution

On June 27, 2012, the storied British bank Barclays confessed that it consistently tried to rig the London Interbank Offered Rate (LIBOR) over a four-year duration from 2005-2009. In its settlement, Barclays consented to pay $453 million in fines and charges to bank regulators in the U.K. and U.S. The media decried Barclays' rate-rigging efforts as "the scandal of all scandals" and regreted the spread of "Wall Street sleaze." By late 2012, lots of other banks did certainly face LIBOR-rigging queries by regulators in numerous nations. This case explores the scandal, checking out how the rate-rigging worked, who understood exactly what when, and how the blame was laid, enabling trainees to check out the social and situational pressures associated with the rigging of the LIBOR.

Knowing Objective

This case motivates trainees to think about private and organizational obligation; methods that might have been embraced by both people and companies; and the normative and tactical ramifications of numerous choices taken throughout the rigging of the LIBOR. Through the procedure of talking about the case, trainees must likewise concern comprehend the requirement of being in advance about problems they do not comprehend, and the significance of this in ethical decision-making. Through using confidential surveying strategies, trainees ought to even more acquire a sense of their own diversification and of the variety of viewpoint that feeds on problems for example, this, no matter exactly what position maybe revealed in public.

This is just an excerpt. This case is about Business