US CFTC fines UK broker ICAP $65 mln over Libor manipulation
WASHINGTON, Sept 25
WASHINGTON, Sept 25 (Reuters) - The U.S. Commodity Futures Trading Commission on Wednesday ordered UK derivatives broker ICAP Plc to pay a $65 million civil fine to settle charges of manipulating the widely used Libor interest rate benchmark.
The derivatives regulator also ordered the company to strengthen internal controls governing how it disseminates information relating to benchmark interest rates.
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