Bank of England joins with UK Treasury in sweeping financial markets review
Treasury brings in new controls on financial benchmarks
The Bank of England (BoE) will take part in a wide-ranging review of financial markets in the UK, which was launched today by the UK Treasury in conjunction with the bank and the Financial Conduct Authority (FCA).
The Treasury will also tighten controls around financial benchmarks and widen the reach of legislation put in place for the London Interbank Offered Rate (Libor) to foreign exchange, fixed-income and commodity markets – and introduce new criminal sanctions for those who break the rules
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