Early submitters fared best.
I don't think most submitters realize that.
That's what we don't pay our submitters for.
In this game, then, traders seduce, and the resonantly named submitters are seduced.
We have published our research, including average scores of submitters and non-submitters (collected after enrollment), for more than 20 years.
Some background: the scandal involves two species of banker: "traders" and "submitters".
The traders are the prime movers; the submitters can only refuse.
Emails disclosed by the Justice Department showed the cooperative nature between traders and rate submitters.
And indeed those Euribor submitters could be almost affectionate to the traders.
"I was not aware there was any sort of pressure applied to any of the Libor submitters in 2007.
The FCA said it warned a manager at a bank who for more than three years condoned traders asking rate submitters to rig Libor figures and submitters making submissions based on those requests.
