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Competition Bureau investigating yen interbank lending rates

 |  February 13, 2012

Canada’s Competition Bureau has told the Wall Street Journal that it is investigating possible collusion in setting yen interbank lending rates. The news follows less than two weeks after Switzerland’s Competition Commission’s announcement of its probe into twelve banks for manipulating Libor and Tibor rates.

Source: Wall Street Journal (subscription required)


Related content: Libor Litigation and the Role of Screening: The Need for Enhanced Compliance Programs (Rosa Abrantes-Metz, Global Economics Group & NYU Stern Schol of Business)