EU: bank-rate manipulation to become criminal offence

950 views · Published 25 July 2012 · 2:50 · Indexed 20 September 2026

Channel: Euractiv · 2012 · News & Politics

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Speaking at a press conference in Brussels, Commissioner for Internal Market Michel Barnier presented on Wednesday EU-wide action to fight rate-fixing. "The LIBOR case has been clearly revealing manipulation of inter-bank lending rates. Behind this manipulation, there was a total lack of any moral values, a scandalous behaviour from a number of financial actors", Barnier said.

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