Tuesday, 23 December 2014
UK to extend Libor manipulation laws to cover gold, oil, silver
From Reuters –
“Britain will widen the scope of laws which make the manipulation of market benchmarks a criminal offense to include seven more rates covering the currency, gold, oil and silver markets by April 1, the government said on Monday.
The move is the latest by the Conservative-led government to clamp down on malpractice in the City of London whose reputation has been tarnished by an interest rate-rigging scandal and claims that traders colluded to manipulate currency rates.”
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Labels:
compliance,
Forex,
gold,
governance,
LIBOR,
oil,
rate rigging,
regulation,
UK