Corrupt Practices and “the system”
An investigation by the BBC’s economics correspondent Andy Verity has revealed that central banks including the UK’s Bank of England, the Banque du France, the European Central Bank, Banca d'Italia, Banco de Espana and the Federal Reserve Bank of New York pressured banks in the wake of the 2008 financial crisis to artificially adjust benchmark interest rates called Libor and Euribor, which track how much it costs banks to borrow money from each other.