Law360: “Proposed Libor Fixes May Open Door To New Benchmark”

. . . while having closer regulatory scrutiny and stiff penalties for manipulation could work to keep some honesty in the rate, it may not prevent rigging in all cases, added John A. James, the executive director of the Center for Global Governance, Reporting and Regulation at Pace University’s Lubin School of Business.

. . . while having closer regulatory scrutiny and stiff penalties for manipulation could work to keep some honesty in the rate, it may not prevent rigging in all cases, added John A. James, the executive director of the Center for Global Governance, Reporting and Regulation at Pace University’s Lubin School of Business.

“It brings the regulator closer to the action and it brings the number crunchers and threatens them with criminal penalties,” he said.

Read the article by Law360.

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