BBA: Those who manipulate benchmarks should be properly punished
Commenting on the HM Treasury consultation launched today on extending legislation of financial benchmarks, a spokesman for the BBA said:
“We welcome these moves to introduce clear, robust regulation of benchmarks with tough criminal sanctions. This did form part of the announcement of the Fair and Efficient Market Review and will only enhance London’s reputation as a safe place to do business.
“We also believe it is absolutely right that anyone who has been found guilty of manipulating market benchmarks should be properly punished.”
