UBS Gets Immunity In Swiss Regulator's Rate-Fixing Probe

Law360, New York (February 7, 2012, 2:22 PM EST) -- The Swiss Competition Commission has conferred selective immunity on UBS AG in the antitrust regulator's probe as to whether it and 11 other financial firms worked together to manipulate interbank interest rates, UBS revealed Tuesday.

UBS said in its fourth-quarter 2011 financial report that Comco had granted immunity to UBS in exchange for its cooperation in the regulator's investigation into the financial firm's potential role in the fixing of the London Interbank Offered Rate for Japanese yen and Swiss francs and the Tokyo Interbank Offered Rate...
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