EU reportedly adds Swiss franc-denominated swaps to Libor inquiry

The European Commission's investigation into manipulation of the London Interbank Offered Rate has expanded into Swiss franc-denominated swaps, in addition to an examination of euro and yen interbank rates, sources say. The commission's progress is slower than that of U.S. and U.K. regulators because it settles with all parties at once, instead of making deals with individual banks. Meanwhile, the U.K. Financial Services Authority has denied accusations that it was slow to start investigating Libor manipulation.

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