UK's Handover of Libor Is Largely Symbolic: Vaughan

UK's Handover of Libor Is Largely Symbolic: Vaughan Play

July 9 (Bloomberg) -- After the LIBOR rate-rigging scandal cost Barclays, UBS and Royal Bank of Scotland more than $2.5 billion in fines from U.S. and U.K. regulators, Britain will hand over administration of the London interbank offered rate to the operator of the New York Stock Exchange. Bloomberg's Liam Vaughan reports on "Market Makers." (Source: Bloomberg)

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