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'Broken' Libor can be fixed says UK watchdog

2012-09-28 12 Dailymotion

Britain's top financial watchdog says it will fix the Libor rate setting system rather than scrap it. <br /><br />Libor was hit by scandal when it was discovered some banks had giving distorted the information to manipulate the rate - which is used to determine the interest charged on loans to companies and individuals.<br /><br />...<br />http://www.euronews.net/

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