MISSION INTANGIBLE

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MISSION:INTANGIBLE, the blog of the Intangible Asset Finance Society, offers critical comments on intangible asset, corporate reputation, and finance; supplemented by quantitative reputation metrics. Intangible assets include business processes, patents, trademarks; reputations for ethics and integrity; quality, safety, sustainability, security, and resilience; and comprise 70% of the average company's value. MISSION:INTANGIBLE is a registered trademark of the Intangible Asset Finance Society.

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Reputationally-impaired Benchmark Targeted

C. HUYGENS - Friday, July 28, 2017
Yes, a man-made product can have a reputation, and when that reputation--especially in financial services--is impaired, the product is likely a gonner. Consider the reputation of the benchmark rate, LIBOR,  now fatally impaired, and risking trillions of dollars in financial products. The LIBOR rigging…

“…scandal triggered $9bn fines for Barclays, UBS and Royal Bank of Scotland among others, and prison sentences for several traders. The lenders acknowledged that they had shifted the rates to boost their trading profits and to make their institutions seem healthier than they were in the financial crisis.”


Read more in the Financial Times.

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