UK Minister: "14 Banks Involved In Libor Scandal, Anyone Who Falsifies Market Indices Must Go To Prison"
From an interview today with German paper Handelsblatt:
"Anyone who falsifies market indices, must go to prison."
British minister for financial market regulation Mark Hoban also called for investigators to have access to bankers' telephone, email, Facebook and Twitter accounts, in order to investigate criminal action.
The communications from the bankers on Facebook and Twitter should be monitored in the future. Appropriate legislation should come into force in Britain until the end. According to the minister are the world "ten to 14 banks' involvement in the scandal over the manipulation of Libor. First, the Barclays Bank had noticed it. "Barclays was the trigger for the investigation. These have shown that banks are involved in other EU countries, Japan and the U.S.," said Hoban.