19 Juin 2013

EU prepares "draconian" fines for manipulating benchmarks

Le 19 juin 2013

EU prepares "draconian" fines for manipulating benchmarks

A draft document from the European Commission proposes giving the European Securities and Markets Authority power to impose fines on firms and individuals who manipulate benchmarks such as the London Interbank Offered Rate. The commission also proposes fining administrators of such benchmarks.


Financial News Online (U.K.) (subscription required)
(17 Jun.)

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