A PYMNTS Company

UBS granted immunity from Swiss ComCo and U.S. DOJ for Libor probe

By  |  February 7, 2012

UBS has conditional immunity from the Swiss Competition Commission for its investigation into banks’ possible manipulation of Libor rates. Immunity protects UBS from facing prosecution, fines, or other sanctions.

UBS has also announced that it was granted immunity from the U.S. Department of Justice for its cooperation with its probe into the Yen Libor and Euroyen Tibor.

Other antitrust regulators probing Libor rates include the U.S. Securities and Exchange Commission, the U.S. Commodity Futures Trading Commission, Japan’s Financial Supervisory Agency, the U.K. Financial Services Authority, and European Union regulators.

Source: Bloomberg

 

Related content: U.S. and EU Antitrust Enforcement: What Role in a More Heavily Regulated Financial Sector? (Todd Fishman, David Gabathuler & Olivier Fréget, Allen & Overy)