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UBS Was ‘Bad Actor’ Taking Advantage of Frozen Market: Gensler

Dec. 19 (Bloomberg) -- UBS AG’s $1.5 billion fine to U.S. and European regulators for rigging global interest rates is a “blatant example” of the problems with benchmarks not tied market trades, said Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission.

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