Westpac trader Col "the Rat" Roden said he complained to the financial markets association of the "blatant manipulation by a small number of investment banks" of the bank bill swap rate, while warning a trader at a rival bank that the benchmark rate was "dangerous", "full flack jacket stuff".
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
