Yet more banks are involved
in Holding bankers to account
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This chapter sets out the ways in which other banks manipulated LIBOR, using the same techniques and for the same reasons. As the Financial Services Authority’s ‘final notice’ to UBS makes clear, the methods used were due in large part to one trader moving from one bank to another, so that networks of contacts were established.

Holding bankers to account

A decade of market manipulation, regulatory failures and regulatory reforms

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