Archive for July, 2012

LIBOR – How Many Shoes are Yet to Drop?

On June 27 Barclay’s Bank was fined a total of $453 million by the US Commodity Futures Trading Commission, the US Department of Justice and the UK Financial Services Authority for allegedly manipulating LIBOR and Euribor rates. This week Barclay’s CEO, Bob Diamond and COO, Jerry del Missier, decided to take beach time and stepped down. Given their record over the past several years, which is worse for Barclays: losing

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Bob Park

I co-founded FINCAD in 1990 and am responsible for the overall management of the company. Prior to co-founding FINCAD I worked in the Canadian investment industry in the private client areas of two national firms, Richardson Greenshields and CIBC Wood Gundy, latterly as a vice president.