U.K. ministers are planning to order an independent review to examine the future operation of the London interbank offered rate system after Barclays Plc (BARC) received a $450 million fine following claims that it rigged the rates, the British Broadcasting Corp. said.
The review may be set up next week, with a report ready by the end of the summer, the BBC reported, citing an unidentified person at the governing Conservative Party. Ministers are also considering a review into bankers’ professional standards, it said.
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