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The LIBOR Scandal and Calls for Regulation

The LIBOR scandal engulfing the UK banking sector, has exposed the unfettered freedom of panel banks and rate submitters in their LIBOR rate-setting activities, and highlighting the FSA's inability to impose regulatory action forcefuly.  In recent months this has led to calls by many for more regulatory oversight of LIBOR in the future.  

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Practice Areas: Securities and Financial Services