Question
In 2023, a benchmark named for this city was discontinued following a decade-long campaign that stressed how it was frequently manipulated due to its limited panel of data. For 10 points each:
[10m] Name this city that formerly named an “Inter-Bank Offered Rate.” This city’s landmarks include a building on Threadneedle Street home to an institution formerly governed by Mark Carney.
ANSWER: London (The institution is the Bank of England.)
[10h] The London Inter-Bank Offered Rate, or LIBOR (“lie-bor”), was crucial for derivatives trading, particularly in this type of forward contract that typically involves the exchange of fixed and floating payment streams.
ANSWER: interest rate swap [accept basis swap; prompt on swap]
[10e] The adjustable-rate examples of this other financial instrument also rely strongly on LIBOR and SOFR. The 2007 crisis of subprime examples of this instrument was facilitated by poorly-regulated collateralized debt obligations.
ANSWER: mortgages [or mortgage loans; accept adjustable-rate mortgage; accept subprime mortgage crisis]
<Social Science>
Summary
| 2024 ACF Regionals @ Berkeley | 01/27/2024 | Y | 3 | 20.00 | 100% | 100% | 0% |
| 2024 ACF Regionals @ Cornell | 01/27/2024 | Y | 3 | 16.67 | 100% | 33% | 33% |
| 2024 ACF Regionals @ JMU | 01/27/2024 | Y | 10 | 12.00 | 80% | 40% | 0% |
| 2024 ACF Regionals @ Nebraska | 01/27/2024 | Y | 6 | 15.00 | 100% | 50% | 0% |
| 2024 ACF Regionals @ Ohio State | 01/27/2024 | Y | 3 | 16.67 | 100% | 33% | 33% |
| 2024 ACF Regionals @ Rutgers | 01/27/2024 | Y | 5 | 16.00 | 100% | 60% | 0% |
| 2024 ACF Regionals @ Imperial | 01/27/2024 | Y | 8 | 18.75 | 100% | 88% | 0% |
| 2024 ACF Regionals @ Vanderbilt | 01/27/2024 | Y | 5 | 12.00 | 80% | 40% | 0% |
Data
| Liberty A (Grad) | Liberty C (DII) | 0 | 0 | 10 | 10 |
| JMU B (UG) | Maryland A (Grad) | 0 | 0 | 0 | 0 |
| UNC A (Grad) | Maryland B (UG) | 10 | 0 | 10 | 20 |
| Maryland C (DII) | GWU A (UG) | 10 | 0 | 10 | 20 |
| JMU A (UG) | Roanoke College A (DII) | 0 | 0 | 10 | 10 |
| UNC B (UG) | Duke A (UG) | 10 | 0 | 10 | 20 |
| UNC C (UG) | Liberty B (DII) | 0 | 0 | 10 | 10 |
| Virginia B (UG) | UNC D (DII) | 0 | 0 | 0 | 0 |
| Virginia A (UG) | GWU B (Grad) | 10 | 0 | 10 | 20 |
| William & Mary A (UG) | Virginia C (UG) | 0 | 0 | 10 | 10 |