Risk News

7/16/2012
Focus Shifts to Regulators in British Inquiry on Rate-Fixing

British regulators will face further scrutiny for their role in a rate-manipulation scandal when top officials at the Financial Services Authority testify on Monday before Parliament.

Annie's take:

I'm not sure everyone understands how interconnected the U.S. financial system is with other parts of the globe. Though the inquiry is being conducted in England, its ripple effects will be felt here: banks that do business internationally are affected.