Question: Case Study: Liborgate Reference: McConnell, P. (2013). Systemic operational risk: The LIBOR manipulation scandal. The Journal of Operational Risk, 8(3), 59-99. Read the above article

Case Study: Liborgate Reference: McConnell, P. (2013). Systemic operational risk: The LIBOR manipulation scandal. The Journal of Operational Risk, 8(3), 59-99. Read the above article and answer the following questions: 1. What is Libor and why is it so important to international finance? (2 mark) (300 words minimum)

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