GO
Loading...

Outlawing Market Manipulation

Wednesday, 1 Aug 2012 | 4:10 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."