Former UBS officials say they were unaware of Libor issues

The former CEO of UBS, Marcel Rohner, told a UK parliamentary committee Thursday that he and other former top executives at the company did not know about the problems with the London Interbank Offered Rate while employed at the bank. Tracey McDermott, the UK's Financial Services Authority's enforcement chief, said she was surprised by that assertion because her agency began requesting information on the matter during the executives' tenure.

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