Prof. Rosa Abrantes-Metz on the currency-rigging settlements for 6 large banks
— May 20, 2015
Excerpt from Bloomberg -- "I think this settlement will show that authorities are serious about deterring future behavior. I think that part of changing future behavior is also a lot of the changes that have happened with respect to how benchmarks are set. The reality is that benchmarks are easy targets - they're very easy to manipulate, nobody was looking, and the gains were humongous."