February 03, 2015 BY Andrew Saks-McLeod
European Commission alleges ICAP ran currency cartels; ICAP dismisses allegations as unlawful and intends to fight lawsuit
The European Commission has accused ICAP of enabling illegal arrangements between banks in markets for the yen-based London interbank offered rate and yen Tibor, the Tokyo interbank offered rate, a matter which ICAP refutes and intends to appeal on the basis that it considers the citing to be wrong in fact and law
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