Andy Verity on his new book 'Rigged'

Breakfast Business with Joe Lynam

Presented by Newstalk's Business Editor Joe Lynam, this 30-minute programme focuses on the key business stories from home and abroad, market analysis, new business innovations and profile interviews. Listen and subscribe to Breakfast Business with Joe Lynam on Apple Podcasts and Spotify. Download, listen and subscribe on the Newstalk App. You can also listen to Newstalk live on newstalk.com or on Alexa, by and asking: 'Alexa, play Newstalk'

Andy Verity on his new book 'Rigged'

Libor or London Interbank offered rate was a key benchmark in the setting of interest rates for companies and consumers. But it was hardly regulated at all and blew up in a huge scandal at the height of the financial crisis 15 years ago when it emerged that the banks that set this key benchmark weren’t exactly being honest. Joe's former BBC colleague and economics correspondent has written a book about how regulators didn’t want to know, and nor of course did the senior management of the banks. Andy Verity BBC Economics correspondent and author of the book Rigged joined Joe on the show this morning.

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Andy Verity on his new book 'Rigged'