The Libor Scandal (Financial services)

MODULE LEARNING OUTCOMES: In completing this assignment, students must: 1. Explore the process and the purpose of how banking institutions set their LIBOR rates 2. Explore the role of LIBOR in the commercial sector 3. Consider the impact on its own business and consumers TRANSFERABLE SKILLS COVERED: Communication Demonstration of written communication skills Application of number Evaluation of numerical information and solving of associated problems. Problem solving and creativity Evaluation and interpretation of financial data ASSIGNMENT REMIT: The Libor Scandal “ consider the 2014 Libor scandal which many of the UK Banks were involved in. Explore the causes of this scandal and evaluate its impact. Include ˜academic journal articles’ to support your discussion. FORMAT:Credit would be given for use of, and reference to, journal literature.