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EU Wants Tighter Rules For Libor, But Dials Back Reforms

By Evan Weinberger (September 18, 2013, 2:28 PM EDT) -- The European Commission on Wednesday released proposals that would see banks found manipulating benchmarks like the London interbank offered rate facing fines of up to 10 percent of their annual sales, but backed off of having all benchmark rates centrally monitored by a Paris-based regulator....

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