I fully support an internationally coordinated enforcement effort to bring charges against UBS AG and UBS Securities Japan Co., Ltd for manipulation and false reporting of certain global benchmark interest rates. In the wake of a series of scandals involving these benchmarks, I urge U.S and international regulators to implement a comprehensive transaction-based solution to assessing the accuracy of such rates to ensure integrity of global financial markets.
FTSE Mondo Visione Exchanges Index:
Statement Of Support By CFTC Commissioner Scott D. O’Malia For Bringing And Settling Charges Against UBS AG And UBS Securities Japan, Co., Ltd.
Date 19/12/2012