What is the Libor/OIS spread?

Tim Bennett looks at a red flag that can warn of trouble in the banking sector - and potentially the wider economy - and how to interpret what it's telling you.

Tim Bennett looks at a red flag that can warn of trouble in the banking sector - and potentially the wider economy - and how to interpret what it's telling you.

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What is a swap?

Libor - Britain's most important interest rate

Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.