Bloomberg News

Ontario Securities Commission Says It’s Engaged on Benchmarks

July 16, 2012

The Ontario Securities Commission, the regulator in Canada’s most populous province, said it’s “engaged” on issues relating to the setting of benchmark reference rates by banks such as the Canadian Dealer Offered Rate.

“We’re engaged in this issue and are coordinating our efforts with our regulatory partners, both internationally and domestically, as appropriate,” Tom Atkinson, director of enforcement, said today in an e-mailed statement.

Regulators worldwide have been investigating rate-rigging of the London interbank offered rate.

To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net


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