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Difficult to Reach Global Settlement on Libor: Prof

Friday, 20 Jul 2012 | 5:00 AM ET

"You have seen quite aggressive action on behalf of the United States from the Commodities Future Trading Commission and also by the Fed, I think you are going to continue to see that kid of engagement and I think there is going to be a strong push to try and settle this matter as quickly as possible," Michael Barr, Professor of University of Michigan Law School, told CNBC.