New powers help in Libor investigation, Chilton says

Fugitives and fast-movers


Commissioner Bart Chilton of the Commodity Futures Trading Commission (CFTC) has been a busy man of late. June saw the CFTC, along with the UK Financial Services Authority and the US Department of Justice, levy a record penalty of $450 million on Barclays, for attempts at fixing Libor and Euribor – the rates at which banks lend to each other. News of the fine re-ignited the arguments around banking culture and claimed the heads of a number of senior figures at Barclays, including its chief

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