The concept of Libor is my contribution to the world’s financial community
and I am known as “the father of Libor”.
Minos A. Zombanakis, Athens, Greece
As the LIBOR scandal (LIBORGate maybe?) rages in the world of Big Banking it is worth noting that the 'Father' of LIBOR is none other than one of our Global Greeks, Minos Zombanakis, the Ultimate Greek Banker!
He made the statement above in a letter to the Financial Times in March this year, in response to an article attributing the London Interbank Rate - LIBOR - to the British banking Association.
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