Business Briefing: manipulating the BBSW
Publisher |
The Conversation
Media Type |
audio
Podknife tags |
Business
Economics
News & Politics
Categories Via RSS |
Business
Business News
Publication Date |
May 24, 2016
Episode Duration |
00:08:15
20160524-20530-kdnxzh.jpg?ixlib=rb-1.1.0&q=45&auto=format&w=496&fit=clip">Westpac is one of the banks where ASIC alleges traders rigged the bank bill swap rate. Mick Tsikas/AAP

As more titbits of detail come to light in the rate rigging case made against Westpac and ANZ, Pat McConnell, Honorary Fellow at the Macquarie University Applied Finance Centre, unpacks the allegations.

McConnell explains what how the bank bill swap rate, or BBSW, is left open for manipulation by traders, comments on the response from the banks and calls for more regulations like those in place overseas.

The podcast also features some colourful comments from the traders in question.

The Conversation
As more details are revealed in the bank bill swap rate rigging case we explain what the rate does, how it can be manipulated and what the government should be doing about it.

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