Benchmark criminalisation ‘irrelevant' to current enquiry
FCA to regulate seven more benchmarks from today
The move to make it a criminal offence to manipulate seven more UK-based benchmarks, including the WM/Reuters currency fix, will not affect people caught up in the ongoing investigation into currency markets as past offences are beyond its scope.
In December, UK Chancellor George Osborne announced the government's intention to extend the scope of the Libor regulations to cover seven additional financial benchmarks, including the WM/Reuters 4pm fix, with the legislation kicking in on April 1.
Und
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