# Prof. Rosa Abrantes-Metz on the impact of collusion on markets

1 Faculty News January 26, 2014 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-01-27/london-afternoon-currency-spikes-subside-under-regulators-glare.html) -- “'There is strong evidence to suggest that when news becomes public about something wrong in a market, such as collusion, there is immediate and often permanent change in market outcomes,' said [Abrantes-Metz](http://www.stern.nyu.edu/faculty/bio/Romy), whose 2008 paper 'Libor Manipulation' helped spark a global probe of attempted rigging of interbank borrowing rates. 'What you are finding seems to be consistent with this evidence.'”

[Read more](http://www.bloomberg.com/news/2014-01-27/london-afternoon-currency-spikes-subside-under-regulators-glare.html)