CFTC’s Chilton: Libor manipulation attempts ‘serious and significant’

Bart Chilton

The Commodity Futures Trading Commission (CFTC) has ordered Barclays to pay a $200 million penalty for market manipulation, part of a total $450 million settlement the bank agreed with the US Department of Justice, the UK's Financial Services Authority and the CFTC.

The CFTC's order says Barclays attempted to manipulate the US dollar Libor and Euribor interest rate benchmark. Libor is used as the reference rate for an estimated $350 trillion of financial products. Regulators on both sides of

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