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Question 2: In their article The Libor Scandal: A Need for Revised National and International Reforms, Girasa and Kraus (2014), describe the events surrounding the
Question 2:
In their article "The Libor Scandal: A Need for Revised National and International Reforms", Girasa
and Kraus (2014), describe the events surrounding the 2012 exposure of the LIBOR scandal.
A. Which financial institutions were found to be involved in the scandal and how were they
penalised?
B. What alternative methods for determining LIBOR were suggested and have any of these
been implemented since?
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