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Alexis Stenfors

Alexis Stenfors

Senior Lecturer in Economics and Finance, University of Portsmouth

I have been a Senior Lecturer at Portsmouth Business School since January 2014 and work within the Economics and Finance subject group. I have 15 years of experience from the foreign exchange and interest rate derivatives markets, having been a trader at HSBC, Citi, Crédit Agricole and Merrill Lynch. In 2009, I returned to academia to do research on the LIBOR and completed my doctoral thesis with the title ‘Determining the LIBOR: A Study of Power and Deception’ in 2013. I have also held teaching positions at SOAS (University of London) and Olin Business School (Washington University in St. Louis). My recent research on benchmark manipulation has been published in journals such as the Journal of International Financial Markets, Institutions & Money and the Review of Political Economy. I am also the author of ‘Barometer of Fear: An Insider’s Account of Rogue Trading and the Greatest Banking Scandal in History’ (London: Zed Books, May 2017).

'The day the world changed' – a former trader on how the credit crunch kicked off

Aug 07, 2017 15:39 pm UTC| Insights & Views Economy

When I received a phone call from a trader colleague at Merrill Lynch on August 9 2007, I was in the middle of chopping wood in the Swedish countryside. As always, I had my mobile on me in case of an emergency. I...

The scandal might be over but LIBOR ethics remain fundamentally flawed

May 13, 2017 03:30 am UTC| Insights & Views Law

When I was a trader at HSBC, Citibank, Crédit Agricole and Merrill Lynch, being able to accurately predict the the London Interbank Offered Rate (or LIBOR) each day was a central part of my job. It was, and still...

1 

Economy

New Zealand bonds close narrowly mixed ahead of GDT auction

New Zealand bonds closed narrowly mixed on Tuesday as investors awaited Global Dairy Trade (GDT) auction scheduled to be held today. At the time of closing, the yield on the benchmark 10-year Treasury note, which moves...

JGBs trade tad higher in quiet session ahead of Thanksgiving Day

Japanese bonds traded a tad higher on Tuesday as investors remained sidelined in any major deal ahead of the Thanksgiving Day holiday. The similar trend has been observed in the U.S. Treasuries, which saw a downward...

Australian bond yields remain little higher as RBA meeting minutes provide no surprises

Australian government bonds remained little loweron Tuesdayas the Reserve Bank of Australia (RBA) November monetary policy meeting minutes provided no surprises to the market. The yield on the benchmark 10-year Treasury...

U.S. Treasuries gain in muted trading session; eyes on Fed Chair Yellen’s speech

The U.S. Treasuries slightly gained Monday as investors remained sidelined in any major trading activity amid a silent session that witnessed data of little economic significance. Participants are now waiting to watch the...

EUR/USD likely to appreciate gradually towards 1.25-1.26 by end of 2018, says Credit Agricole CIB

The EUR/USD currency pair is expected to gradually appreciate towards the 1.25-1.26 level by the end of 2018, according to a recent report by Credit Agricole CIB. That said, risks for the pair remain tilted to the upside...

Politics

Why PR agencies and their spin should be the subject of greater scrutiny

It was one of the biggest and best-known British PR agencies around. So when Bell Pottinger came crashing down earlier this year, you could be forgiven for wondering why it hadnt prepared a better crisis strategy to deal...

Kuwait's economic interest in mediating the Qatar-Gulf crisis

A blockade against Qatar by its Gulf neighbours is now in its fifth month. Saudi Arabia, Bahrain, Egypt and the United Arab Emirates severed socio-economic ties with Qatar as punishment for its alleged support of terrorism...

Xi Jinping sets out plans to make China great again

In 1793, in his letter to Britains King George III, Chinas Qianlong emperor rejected all the British requests to improve the state of trade between England and China. After all, the Middle Kingdom possesses all things in...

Terrorist leaders in the Philippines are dead – will democracy be restored?

For almost five months, 21 million people in the southern Philippines have been living under martial law. Philippine President Rodrigo Duterte declared martial law in the province of Mindanao in May in response to...

Why the new banking laws won’t be the slam dunk the government is expecting

The federal government is set to enact new laws covering Australian banks, senior executives and directors. Called the Banking Executive Accountability Regime (BEAR), it imposes new legal obligations on banks and their...

Science

Cancer Patient Injected With Vaccine For The First Time

Cancer is one of the last remaining major illnesses that still does not have a vaccine, but human trials have finally begun to change all this. Moderna Therapeutics just injected a patient with a cancer vaccine for the...

New Zealand’s Plan To Weaponize CRISPR To Annihilate Pests Sparks Debate In Scientific Community

Its always the same story. Governments want to use science as a weapon of mass destruction, certain members of the scientific community speak up about the potential consequences, and the debates ensue. In the case of New...

Scientists Achieved Real-Time Gene Editing In Live Human Subject For The First Time

Gene editing is considered by many as the future of medicine. The potential uses attributed to the field range from curing all kinds of diseases to making humans practically invulnerable. For the first time, scientists...

Scientist Proves Brain Implant Can Improve Memory By 30%

These days, one of the hottest topics in the tech and medical industries is the matter of cybernetics or merging man with machine. A scientist has recently advanced this field by demonstrating how a brain implant can...

FDA Approves New Smart Pill, Raises Concerns Of U.S. Government Spying

For the most part, developing new medical technologies is a huge benefit to people. Take for instance the smart pill that the U.S. Food and Drug Administration (FDA) just approved, which is meant to monitor if patients are...

Technology

EA Scrambles To Fix Need For Speed Loot Boxes In Light Of Battlefront II Outrage

In a way, its almost admirable how Electric Arts (EA) believed it could push a pay-to-win (P2W) system in a full-priced game worth $60 like Star Wars Battlefront II and gamers would not mind. Unfortunately for the...

DJI Offers $30K In Bug Bounty Program Then Threatens To Sue Cybersecurity Researcher

Bug bounty programs have become common in the tech industry, with companies offering money to white hat hackers who will then find security problems for them. DJI did the same thing in August, which resulted in a security...

Samsung Galaxy X Foldable Phone Gets Official Support Page

Not a lot of U.S. consumers might know this, but Samsung also has its own smartphone offering with the letter X on it. Its the Galaxy X and it has been the subject of rumors for years. Thanks to the addition of a support...

Tesla Roadster 2.0 Goes 0-60Mphs In 1.9 Seconds And Might Fly

Last week, Elon Musk got on stage to showcase his new electric semi and the new version of the companys Roadster. The CEO rattled specs that elicited screams of excitement from the audience, including acceleration of...

Apple’s Female Diversity Chief Resigning Following Outrage Over ‘Blue-Eyed, Blond Men’ Comment

Last week, news broke out that the female diversity chief of Apple, Denise Young Smith was resigning after the backlash she received following certain unfortunate remarks she made in October. This is a surprising turn of...
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November 20 20:00 UTC Released

BRCAGED Net Payroll Jobs*

Actual

77 k

Forecast

Previous

77 k

November 20 13:00 UTC Released

RURetail Sales YY

Actual

3.0 %

Forecast

3.9 %

Previous

3.1 %

November 21 13:55 UTC 466466m

USRedbook MM

Actual

Forecast

Previous

-1.2 %

November 21 13:55 UTC 466466m

USRedbook YY

Actual

Forecast

Previous

2.3 %

November 22 12:00 UTC 17911791m

USMBA Mortgage Applications

Actual

Forecast

Previous

3.1 %

November 22 12:00 UTC 17911791m

USMortgage Market Index

Actual

Forecast

Previous

401.7 Bln EUR

November 22 13:30 UTC 18811881m

USJobless Claims 4-Wk Avg

Actual

Forecast

Previous

237.75 k

November 22 13:30 UTC 18811881m

USInitial Jobless Claims

Actual

Forecast

240 k

Previous

249 k

November 22 13:30 UTC 18811881m

USContinued Jobless Claims

Actual

Forecast

1.882 Mln

Previous

1.860 Mln

November 22 14:30 UTC 19411941m

BRForeign Exchange Flows*

Actual

Forecast

Previous

-3.412 Bln USD

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