1.What is Libor and why is it so important to international finance? (2 mark) 2. In regard to the Liborgate misconduct: a. Identify the main stakeholders affected by the rate-rigging scandal and why (2 mark) b. Discuss the prevailing system and how it created conflicts of interest (3 marks) c. Determine the different types of conflicts of interest that led to unethical behaviour (3 marks) 3. Identify 3 (three) specific CFAI standards that were likely breached by the bank practitioners in this case. Justify your response and provide examples. (4 marks) 4. In regard to the fallout from the Liborgate case study: a. Discuss the impact the scandal has likely had on the global banking industry. (3 marks) b. What measures have been put in place to minimize the risk of such future misconduct? Do you think regulators and the industry have sufficiently dealt with the issue? (3 marks)