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Libor was manipulated even during probe: study

Some argue even reforms don't go far enough and the lowballing could return with another credit crunch
Tuesday, December 9, 2014 - 05:50
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Mr Gensler says international regulators must work with market participants to promptly identify alternative interest-rate benchmarks anchored in observable transactions.

London

BANKS lowballed Libor submissions long after probes began into allegations they were doing so, research suggests, raising questions of whether lenders can be relied on to provide sound data for interest-rate benchmarks.

In the worst days of the euro-zone crisis in 2012, the