Who is hurt and who benefits from the manipulation of LIBOR?

Students are required to write a five-seven page report answering the questions below. Do not just answer the questions, but use the questions to formulate your response. Your paper should identify the issues raised by the facts in the case and demonstrate thoughtful consideration of the ideas and concepts presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to University’s Academic Integrity Policy.

Questions to be answered:

Who is hurt and who benefits from the manipulation of LIBOR?
Who was most responsible for manipulation of LIBOR?
As a leader, how should you respond when you know your competitors are cheating? How should you respond when you think regulators are asking you to cheat?
What is your assessment of the efforts to fix LIBOR? What, if anything, would you do differently?
Requirements:

All papers must follow all APA requirements.
The case study should be 5-7 pages long, not including title page, abstract, and reference pages.
All papers must have a reference page. The textbook is an acceptable source.
Title page, abstract, and reference pages are required.
Writing should reflect an understanding of the course concepts, thorough research, and logic and critical thinking skills.
The introduction is attention getting with sufficient background information to establish the topic and a clear thesis statement.
The conclusion summarizes the main points and leaves the reader with a strong comprehension of the paper’s significance and the author’s understanding.
Grammatically correct – No spelling, grammar, or mechanics errors.
The paper is due Week 8, Day 5 and worth 200 points. *

Course Objectives: 1.1, 1.2, 1.3, 2.1, 2.2, 4.1, 4.2

* The Case Study is the Critical Assignment for this course and must be passed at an acceptable rate in order to pass the course.

Grading Rubric:

Performance

Levels

Exemplary (4)

Accomplished (3)

Developing (2)

Beginning (1)

Score

Dimension 1

Writing/Formatting

Formal, mature, polished, and scholarly academic voice is present. Paper is well organized, free from spelling and grammatical errors, effective, and professional in strict APA format.

Clear and competent academic voice with occasional spelling, grammatical and APA formatting errors.

Competent, developing academic voice and/or multiple spelling, grammatical and APA formatting errors.

Informal voice with consistent spelling, grammatical and APA formatting errors.

Dimension 2

Identification and Analysis of Ethical and Biblical Issues

Correctly identifies all legal, ethical, and Biblical issues presented by the facts and case and the assigned questions without error.

Analyzes all ethical and Biblical issues from an objective viewpoint, uses the literature cited in the review to guide analysis.

Identifies most legal, ethical, and Biblical issues with minor errors.

Analyzes most ethical and Biblical issues from an objective viewpoint. Uses some of the literature cited in the review to guide analysis.

Identifies some issues. Multiple issues are not identified and/or identification contains multiple errors.

Analyzes some issues, mainly from only one viewpoint. Literature cited is not a driving force of analysis.

Does not identify issues and/or paper contains multiple errors and/or major errors.

The analysis does not take competing viewpoints into account. Literature used sparingly or not at all.

Dimension 3

Analysis

Consistently employs critical analysis in answering the assigned questions in the case study while applying ethical theory to the issues identified.

Fairly employs critical analysis in answering the assigned questions in the case study while applying ethical theory to the issues identified.

Somewhat employs critical analysis in answering the assigned questions in the case study while applying ethical theory to the issues identified.

Limited, if any, critical analysis in answering the assigned questions in the case study while applying ethical theory to the issues identified.

Dimension 4

Organization and Conclusions

The case study is presented in a logical, well-organized way and contains an introduction, the body of the review containing extensive discussion of the sources along with conclusions clearly supported by the literature presented.

The case study is mostly presented in a logical, well-organized way and contains an introduction, the body of the review containing some discussion of the sources along with conclusions mostly supported by the literature presented.

The case study is presented in a somewhat logical, organized way and contains an introduction, the body of the review containing extensive discussion of the sources along with conclusions somewhat supported by the literature presented.

The case study is not presented in a logical, organized way and contains an introduction, the body of the review containing little discussion of the sources along with conclusions and recommendations not supported by the literature presented.

Total

/ 200

Answer preview…………………..

Abstract

The London Interbank Offered Rate (LIBOR) is a key index in the determination of the interest rates and funding conditions in interbank markets. Whenever a bank wants to acquire a loan, it has to provide the amount that it intends to pay to LIBOR so that it can be allocated their rates. It is referred to as an overnight rate as it is provided every day within the markets. In 2008, the Wall Street Journal reported that some banks were submitting understated reports of their finances and this caused manipulations. Later on, regulatory investigations discovered that several banks were in cahoots in this, but Barclays bank was the major manipulator. Lawsuits were made against the banks, and as a result, those found in default paid fines. With the………………

APA 2227 words