# Prof. Rosa Abrantes-Metz on the Libor rate's response to the Cyprus crisis

1 Faculty News March 28, 2013 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2013-03-28/libor-immunity-from-cyprus-shows-rate-still-broken-u-k-credit.html) -- “'Libor may not be being manipulated currently, but it is not responding to market conditions the way it would be expected,' said [Abrantes-Metz](http://www.stern.nyu.edu/faculty/bio/Romy), who is also an associate professor at New York University’s Stern School of Business. 'That compromises the reliability of Libor as a key benchmark, to the detriment of the market.'”

[Read more](http://www.bloomberg.com/news/2013-03-28/libor-immunity-from-cyprus-shows-rate-still-broken-u-k-credit.html)