Libor Antitrust Risks Remain Despite Early Settlements
UBS has won conditional leniency not only from the DOJ, but also from the Swiss Competition Commission, which is also investigating possible benchmark rate-fixing...But because of their Swiss and U.S. successes, Robins, Kaplan, Miller & Ciresi L.L.P partner Stacey Slaughter said, "It's likely that they will also pursue [it] with the EC."
December 20, 2012
Law360, New York (December 20, 2012, 7:32 PM ET) -- Despite the coordinated deals UBS AG reached with four international regulators over allegations it had manipulated the London Interbank Offered Rate, comments from the European Union's antitrust chief Thursday offered a stark reminder that the banks settling fraud claims over the benchmark rate may be far from done.
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