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New UK Regulator To Bring Heightened Libor Oversight

By Evan Weinberger (March 25, 2013, 12:29 PM EDT) -- A new U.K. regulator charged with overseeing financial industry practices will take over supervision of the scandal-plagued Libor next month and will require the benchmark's administrators to corroborate bank submissions when calculating the rate, the U.K. Financial Services Authority said Monday....

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