2012-09-10americanbanker.com

``Financial Services Authority Managing Director Martin Wheatley is reviewing how the London interbank offered rate is set, including whether to regulate it after Barclays was fined a record 290 million pounds ($464 million) in June for rigging the benchmark. The rate, overseen by the London-based British Bankers' Association, is the basis for more than $300 trillion of securities worldwide.''



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