Sentence examples for manipulation of benchmarks from inspiring English sources
The trader had left before any questions were raised about potential manipulation of benchmarks.
"This will not be the end of the story, neither for interest-rate derivatives nor for the manipulation of benchmarks," Almunia said.
ONCE again, a handful of the world's largest banks have agreed to pay vast amounts of money to settle an investigation, this time concerning the manipulation of benchmarks used in the trading of currencies.
Both involved the manipulation of benchmarks by individual traders, in the forex case fiddling the price of currency pairing trades made in dollars, euros, yen, sterling, Swiss francs, Australian dollars, New Zealand dollars, Canadian dollars, Norwegian krone and Swedish krona.
Almunia said: "What is shocking about the Libor and Euribor scandals is not only the manipulation of benchmarks, which is being tackled by financial regulators worldwide, but also the collusion between banks who are supposed to be competing with each other".
Joaquin Almunia, the commission's vice-president in charge of competition policy, said: "What is shocking about the... scandals is not only the manipulation of benchmarks, which is being tackled by financial regulators worldwide, but also the collusion between banks who are supposed to be competing with each other.
Under the European Commission's proposals, the manipulation of benchmark interest rates would become a criminal offense.
LONDON – The European Commission announced plans on Wednesday to make the manipulation of benchmark interest rates a criminal offense.
The European Union's financial regulator said he intended to make the manipulation of benchmark rates a crime.
On Wednesday, the European Commission announced plans to make the manipulation of benchmark interest rates a criminal offense.
The inquiry may lead to greater regulatory oversight of the rate, while lawmakers are considering new laws that would make the manipulation of benchmark rates a criminal offense.
