公司金融英文课件Lecture 8 Coursework Briefing.pptxVIP

Leeds University Business SchoolLUBS1035Foundations of Finance2012/13John SmithLecture 8: Coursework BriefingModule ObjectivesSkills outcomesOn completion of this module you should be able to:Demonstrate problem solving, analytical and quantitative skills by applying current theory and appropriate analytical tools to simple financial problems;Demonstrate written communication and critical thinking skills in the written parts of the summative assessment; andDemonstrate numeracy skills by applying core mathematical and statistical skills to answer a range of class questionsAssessment ReminderExaminations:January 20131 hourMCQs20%May 20132 hours50%Three questions from sixSpecimen paper next semesterCoursework Assignment:1,500 wordsReport on current finance topic30% of Module MarkBriefing in week 8Submission on 11th March 2013Feedback on draftLibor in the NewsWhat is Libor?The Libor, or London Interbank Offered Rate, is a global benchmark interest rate used to set a range of financial deals. It is also a measure of trust in the financial system and the faith banks have in each others financial health Why is it important?Libor is considered to be one of the most crucial interest rates in finance, upon which trillions of financial contracts rest, and the exposure of its rigging has shocked many beyond the world of finance.Libor is used to set a range of financial transactions worth an estimated $300 trillion. $300 trillion is equivalent to approximately four and a half times global GDP$300,000,000,000,000 Libor in the NewsHow is Libor set?Every day a group of leading banks submit rates for 10 currencies and 15 lengths of loan ranging from overnight to 12 months. The most important is the three-month dollar Libor. The rates submitted are what the banks estimate they would pay other banks to borrow dollars for three monthsBarclays and Liborhttp://www.bbc.co.uk/news/ukttp://www.bbc.co.uk/news/ukune 2012 - Barclays fined ￡290m after it admitted it attempte