Rate-rigging scandal also involves Japan: EUReported by France 24 on Friday, 13 July 2012 (on July 13, 2012)
The EU investigation into a "shocking" interest-rate rigging scandal in the world's biggest money market in London also includes Japan, EU Competition Commissioner Joaquin Almunia said on Friday.
"The alleged rate-rigging is a major competition concern," Almunia told a conference on competition here .
"This is why we started investigating a number of banks last year for their possible concerted manipulation of (interest rate) benchmarks such as LIBOR, EURIBOR and TIBOR, the Tokyo rate, for several currencies," he said.
Links: Full news story
|Recent related news|
|No similar news headlines found.|