Share / Print
Faculty News

Prof. Rosa Abrantes-Metz on the investigation of large banks for alleged gold price manipulation

bnn logo feature
Excerpt from Business News Network -- "I think that when we, nowadays, have so much electronic trading, and we have guidelines on what type of collaborations among competitors are allowed, having five competitors chatting live in a way that is not disclosed to the market on what the prices of gold, on which they have a variety of derivatives benchmarked on, and at the time when they themselves are trading for their clients and their own books, and nobody is monitoring... and ensuring that this process is robust, that is extremely problematic. It's very problematic also because we do see the patterns in the data."

Watch the video