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The case centers on the major benchmark rates like the London interbank offered rate, or Libor.
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Last week, the financial firm agreed to pay a $612 million fine to settle accusations by American and British regulators that traders influenced major benchmark interest rates to bolster profit.
On the second day of hearings at the British Parliament related to the recent rate-rigging scandal, Marcel Rohner, the former chief executive of UBS, and a number of former heads of the firm's investment bank were questioned about whether they were aware that some 40 people had altered major benchmark interest rates for financial gain.
It's the first major benchmark for evaluating a patient's recovery from the transplant.
On Sept. 18, the Fed reduced benchmark rates by half a percentage point.
The rate-rigging inquiry, which has ensnared more than a dozen big banks, is focused on major benchmarks like the London interbank offered rate, or Libor.
The Barclays case is the first major action stemming from the inquiry into how big banks set major benchmarks like the London interbank offered rate, known as Libor.
Three major banks – including HSBC – were fined €485m (£412m) for colluding to manipulate the crucial Euribor benchmark rate, after a five-year investigation.
It would be technically impossible to repeat the October 2008 decision by the world's major central banks to simultaneously reduce their benchmark interest rates, for the simple reason that the Fed has held its benchmark rate near zero since December 2008.
Major stock markets in Europe fluctuated as investors wondered whether the Fed's decision would prompt the European Central Bank to raise its benchmark rate from its record low, 1 percent.
The benchmark rate is now 1 percent.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com