U.K. Ministers Wants Independent Libor System Review, BBC Says
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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