14 Jun '13, 11am

Singapore Censures 20 Banks for Attempts to Rig Benchmark Rates

Singapore Censures 20 Banks for Attempts to Rig Benchmark Rates

Singapore’s monetary authority censured banks for trying to rig benchmark interest rates and ordered them to set aside as much as S$12 billion ($9.6 billion) at zero interest pending steps to improve internal controls. ING Groep NV (INGA) , Royal Bank of Scotland Group Plc (RBS) and UBS AG (UBSN) were among 20 banks at which 133 traders tried to manipulate the Singapore interbank offered rate , swap offered rates and currency benchmarks in the city-state, the Monetary Authority of Singapore said in a statement today after reviewing the period from 2007 to 2011. The regulator will make rigging key rates a criminal offense and bring supervision under its oversight. The crackdown in Singapore comes amid a widening global review of benchmarks. Bloomberg News reported this week traders manipulated key foreign-exchange rates in the $4.7 trillion-a-day currency market . Barclays ...

Full article: http://www.bloomberg.com/news/2013-06-14/singapore-censur...

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online.wsj.com 14 Jun '13, 12pm

SINGAPORE—Singapore's central bank censured 20 global banks Friday over allegations that traders tried to manipulate local...

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online.wsj.com 14 Jun '13, 1pm

SINGAPORE—Singapore's central bank censured 20 global banks Friday over allegations that traders tried to manipulate local...

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online.wsj.com 14 Jun '13, 4pm

SINGAPORE—Singapore's central bank censured 20 global banks Friday over allegations that traders tried to manipulate local...

Singapore raps 20 banks for trying to rig rates

money.cnn.com 14 Jun '13, 2pm

Singapore's investigation into banks was triggered by the Libor-rigging scandal last year. LONDON (CNNMoney) Singapore has...

Singapore raps 20 banks for trying to rig rates...

money.cnn.com 14 Jun '13, 2pm

Singapore's investigation into banks was triggered by the Libor-rigging scandal last year. LONDON (CNNMoney) Singapore has...

Singapore raps 20 banks for trying to rig rates...

money.cnn.com 14 Jun '13, 3pm

Singapore's investigation into banks was triggered by the Libor-rigging scandal last year. LONDON (CNNMoney) Singapore has...

Singapore raps 20 banks for trying to rig rates...

money.cnn.com 14 Jun '13, 2pm

Singapore's investigation into banks was triggered by the Libor-rigging scandal last year. LONDON (CNNMoney) Singapore has...

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reuters.com 14 Jun '13, 1pm

By Rachel Armstrong and Kevin Lim SINGAPORE | Fri Jun 14, 2013 10:25am EDT SINGAPORE (Reuters) - Singapore's central bank ...

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gmanetwork.com 14 Jun '13, 2pm

SINGAPORE - Singapore's central bank censured a record 20 banks on Friday after it found more than 100 traders in the city...

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cnbc.com 15 Jun '13, 8am

Singapore's central bank censured a record 20 banks on Friday after it found more than 100 traders in the city state tried...

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businessspectator.com.au 14 Jun '13, 6pm

Singapore has censured 20 banks, including top global lenders, over attempts to manipulate local benchmark rates - part of...

Wrist 'massage' h/t @BruceReuters: Singapore reprimands 20 banks after benchmark rate review

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reuters.com 14 Jun '13, 12pm

By Rachel Armstrong and Kevin Lim SINGAPORE | Fri Jun 14, 2013 10:25am EDT SINGAPORE (Reuters) - Singapore's central bank ...

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bbc.co.uk 14 Jun '13, 12pm

14 June 2013 Last updated at 12:28 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Sing...

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uk.reuters.com 14 Jun '13, 12pm

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telegraph.co.uk 14 Jun '13, 2pm

The Monetary Authority of Singapore has ordered the 20 banks to set aside up to S$12bn (£6bn) in additional reserves at ze...