HONG KONG: Hong Kong's de facto central bank said it would probe UBS over possible rigging of the financial hub's interbank rate, a day after the Swiss giant agreed to pay a huge fine over the Libor scandal.
The Hong Kong Monetary Authority (HKMA) said that it had received information from overseas regulators about “possible misconduct” by UBS involving submissions for the city's interbank offered rate, known as Hibor, and other reference rates in Asia.
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