Libor: One Man Found Guilty But Culture Change Is Still Needed In Financial Sector

Libor: One Man Found Guilty But Culture Change Is Still Needed In Financial Sector by The Conversation

Former UBS and Citigroup trader Tom Hayes has been convicted of eight counts of conspiring with other traders and brokers to manipulate Libor. As news of the sentencing emerged, much of the coverage has focused on the quirks of the man in question – the story of an autisic mathematician who was able to manipulate one of the world’s most important financial benchmarks for the price of a Mars bar.

There have been descriptions of a man who slept under the same superhero duvet between the age of eight and 24. And we found out that when a student...