Labcast 7 - 3/5/2014 - The Big Fix: Financial Markets & Institutional Corruption: Gregg Fields and Justin O'Brien

In an explosive scandal, global regulators suspect the 4pm fix is quite possibly fixed. Traditionally it's the London hour when rates for currencies like the dollar are set. It's now suspected that traders colluded to rig markets for private gain. Financial journalist Gregg Fields and Professor Justin O'Brien, director of the Centre for Law, Markets and Regulation at the University of New South Wales in Australia, discuss the role that institutional corruption may have played.