26.09.2014 - Price-fixing of gold, oil to become a crime in U.K.
The U.K government plans to make fixing the price of gold and six other benchmarks a criminal offense, the Treasury department said Thursday, as it announced a consultation into extending laws regulating LIBOR. By the end of 2014, those rules will be put in place for: London Gold Fixing, the LMBA Silver Price, ICE Brent futures contract, Sterling Overnight Index Average (SONIA), Repurchase Overnight Index Average (RONIA), WM/Reuters 4 p.m. London Fix (for foreign exchange), and ISDAFix, which covers interest-rate swap transactions. ..............................................Full Article: Source
Print