Dr Bernard Lee, research fellow at SMU's International Trading Institute (ITI), commented on how to mitigate risk in price manipulation and LIBOR (London Interbank Offer Rates). He felt that t he real issue is not about manipulating prices, but rather, outlawing specific forms of unhealthy price manipulations that may prevent the market's ?invisible hand? from matching supply to demand; thereby creating long-term supply-and-demand imbalances and uneconomic allocation of productive capacities. The challenge for policymakers is to minimise such unhealthy price manipulations without creating unintended consequences.
The Asian Banker