LIBOR manipulation
[ˈlaɪbɔːr ˌmænɪpjuˈleɪʃən]
nounpl: LIBOR manipulations
manipulação da LIBOR
1. The illegal practice of traders or financial institutions deliberately falsifying or influencing the London Interbank Offered Rate (LIBOR) to gain unfair advantage in financial markets or to conceal losses
The 2012 LIBOR manipulation scandal resulted in billions of dollars in fines for major banks worldwide.
O escândalo de manipulação da LIBOR em 2012 resultou em bilhões de dólares em multas para grandes bancos em todo o mundo.
2. The systematic underreporting or overreporting of interest rates submitted by banks to calculate LIBOR
Investigations revealed that LIBOR manipulation had been occurring for years before authorities took action.
Investigações revelaram que a manipulação da LIBOR estava ocorrendo há anos antes das autoridades agirem.
The LIBOR manipulation scandal (2012) became one of the most significant financial crimes of the 21st century, exposing systemic fraud in global banking. It dramatically increased public awareness of financial regulation and led to major regulatory reforms. In Brazil, this scandal influenced discussions about transparency in the banking sector and the role of regulatory agencies like the Central Bank (Banco Central do Brasil) and CVM (Comissão de Valores Mobiliários). The term is widely recognized in financial and legal circles worldwide.
NYC Slang
rate rigging / the LIBOR scandal
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