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Which of the following is incorrect?(a) Prior to the interest rate rigging scandal, the participant banks submitted their mid-rate pricing of the BBSW based on their trades in short term prime bank paper in the previous trading day.(b) To rig the BBSW, the traders in the accused banks stockpiled bank bills and deposits and sold them into the market to move rates up.(c) ASIC's investigation of BBSW rigging came on the back of the LIBOR rigging scandal that took place in Europe.(d )All the Big Four banks were alleged to be guilty of BBSW rigging.
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