4/2/2012

EU Competition Commissioner Joaquin Almunia said regulators have expanded their investigations of interbank-loan rates by looking into firms involved in trading derivatives linked to the Tokyo Interbank Offered Rate. The European Commission is already looking into possible manipulation of Libor and the Euro Interbank Offered Rate. "Any confirmed manipulation of these rates would imply a very significant cost to the European economy," Almunia said.

Full Story:
Bloomberg, CNBC

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