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Switzerland: Libor-Rigging case coming to an end

By  |  April 9, 2015

The Swiss antitrust regulator is meeting with banks in its investigation into interest-rate manipulation to review its findings and expects to conclude the matter this year, the agency’s president said.

The Competition Commission, also known as Weko, opened the probe in 2012, targeting Swiss banks including Credit Suisse Group AG and UBS Group AG as well as international lenders, Vincent Martenet said in an interview Thursday following the agency’s annual press briefing in Bern.

“We are already in a phase of meetings to show the institutions what’s been discovered and to get their reactions,” Martenet said, declining to specify which firms they’ve begun talking to.

 

Full Content: Swiss Info

 

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