Japanese regulators to introduce more strict financial market control

Note: This section contains information in English only.
Source: Bloomberg
Financial regulators of Japan are looking for a possibility to introduce a system, which will supervise the financial sector of the country, especially banks that set such benchmark rates as Tibor. Probably, the authority to supervise this area and prevent manipulations with rates will be given to the Financial Services Agency, which will also be able to set penalties for illegal actions.
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