Libor Antitrust Risks Remain Despite Early Settlements

Law360, New York (December 20, 2012, 7:32 PM EST) -- Despite the coordinated deals UBS AG reached with four international regulators over allegations it had manipulated the London Interbank Offered Rate, comments from the European Union's antitrust chief Thursday offered a stark reminder that the banks settling fraud claims over the benchmark rate may be far from done.

European Competition Commissioner Joaquin Almunia reaffirmed that the bloc's probe into potential rate-fixing was ongoing. He emphasized that the competition investigation was distinct from the fraud-focused claims the Swiss bank resolved Wednesday in a $1.5 billion settlement with...
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