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Outlawing Market Manipulation

Wed 01 Aug 12 | 04:10 AM ET
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Outlawing Market Manipulation

Wed 01 Aug 12 | 04:10 AM ET
The European Banking Federation has welcomed the news by the European Commission to make manipulation of bench mark borrowing rates a crime, secretary general, Guido Ravoet, told CNBC, "The criminal investigation will look at the individual traders and not the organisations running the benchmarks like for LIBOR the British Banking Association."

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Banking
 
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