FCA reportedly looks into U.K. aspects of ISDAFIX

04/23/2013 | Bloomberg

The U.K. Financial Conduct Authority has opened an inquiry, but not a formal investigation, into pound aspects of ISDAFIX, sources say. The regulator reportedly is working with the U.S. Commodity Futures Trading Commission, which has subpoenaed current and former brokers to examine possible price manipulation of the benchmark for interest-rate swaps.

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