Brussels, 04/07/2016 (Agence Europe) - On Sunday 3 July, the new legislative framework to step up the fight against abuses on the markets for raw materials and related derivative instruments entered into force (see EUROPE 11438). This framework also explicitly forbids the manipulation of benchmarks, such as LIBOR, and reinforces the investigative and sanctioning powers of the regulators.
“Having in place clear rules against misbehaviour on Europe's financial markets is key for their...