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Monetary Authority of Singapore asked for help with regulators’ Libor probes

By  |  March 11, 2012

Bloomberg reports that the Monetary Authority of Singapore has received requests for assistance from regulators elsewhere conducting Libor probes. The MAS did not identify the regulators, but pledged that it “will also work with the relevant authorities to act on any suspected manipulation” by Singapore-based financial institutions or individuals. A complaint has been filed with the Singapore High Court alleging that RBS used an internal probe of Libor manipulation to fire scapegoats.

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