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The U.K. government wants new rules crafted in the wake of the LIBOR scandal to extend to benchmarks in the foreign exchange, fixed income and commodity markets, reports Bloomberg.

Read: Investors relieved over Scotland’s no vote

The change would “cover other key rates including the WM/Reuters 4 p.m. London currency fix, the Sterling Overnight Index Average, the London gold fixing and the ISDAFix…. The government aims to have the rules in place by the year-end — five months before the next general election,” explains the report.

Read more here.

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Originally published on Advisor.ca

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