Romania

Details

  • Service: Advisory
  • Type: Publication series
  • Date: 12/6/2013

Drastic sanctions imposed by the European Commission for several international banking groups for the manipulation of EURIBOR and LIBOR 

The European Commission (“EC”) has fined 8 (eight) international financial institutions (American, German, French, British) for participating in illegal cartels that defrauded the reference interest rates EURIBOR (Euro Interbank Offered Rate) and LIBOR (London Interbank Offered Rate).
© 2013 KPMG Romania S.R.L., a Romanian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
 

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