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EU probes suspected rigging of $1.5-trillion debt market

Section: Daily Dispatches

Jim Brunsden
Financial Times, London
Tuesday, February 9, 2016

BRUSSELS, Belgium -- European regulators have opened a preliminary cartel investigation into possible manipulation of the $1.5 trillion government-sponsored bond market, in the latest efforts to root out rigging involving financial traders.

The European Commission’s early-stage inquiry comes amid revelations that the US Department of Justice and the UK's Financial Conduct Authority are also investigating the market.

The investigations are part of a campaign by antitrust regulators to root out collusion in financial markets following revelations that groups of traders worked together to manipulate Libor, a key rate that underpins the price of loans around the world. Further allegations followed that traders colluded to rig foreign exchange markets. ...

... For the remainder of the report:

http://www.ft.com/intl/cms/s/0/04befd8a-cf35-11e5-92a1-c5e23ef99c77.html



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