Currency to Oil Rates Targeted for Tougher Rules After Libor

Currency to Oil Rates Targeted for Tougher Rules After Libor

Gianluca Colla/Bloomberg

Global regulators have fined UBS AG, Barclays Plc and Royal Bank of Scotland Group Plc about $2.5 billion for distorting the London interbank offered rate, known as Libor, and similar benchmarks.