Finance and Economics；The LIBOR probes; An expensive smoking gun;
财经；伦敦银行间拆放款利率调查；代价高昂的铁证；

Court documents shed light on how LIBOR was allegedly manipulated;
法院公文阐明伦敦银行间拆放款利率是如何涉嫌操纵；

It is supposed to be constructed using banks' own honest estimates of what it costs for them to borrow money. But regulators around the world suspect that LIBOR (the London inter-bank offered rate), a financial benchmark that is set every day by collating these estimates, has been subject to manipulation. Little information has been publicly released by the regulators that are investigating. But Canadian and American legal documents seen by The Economist paint a picture of what is alleged. It is not pretty.

银行自己诚实的估算其借贷成本本是很有建设性的。但世界各地的监管机构怀疑伦敦银行间拆放款利率，这一根据估算结果而每天确立的金融基准涉嫌操纵。负责调查的监管机构并没有公开过多内幕。但是《经济学人》了解到的加拿大和美国的法律公文描述了这些未经证实的指控，说的有些不堪入耳。

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