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Markets  |  July 20, 2012 12:50:05

In Italy, began investigating possible manipulation of the Euribor (July 20, 2012)


ROME (MEDIAFAX) - Italian prosecutors from southern Italy began investigating possible manipulation of the Euribor. Informed on Friday by Reuters.

Prosecutors began to deal with matters at the initiative of consumers. Group 'Consumer' estimated damages to three billion euros.

Complaints filed with consumer groups and Adusbef Federconsumatori.

Group reported that they have received confirmation from the prosecutors in Trani, it saves potential fraud and serious manipulation in the markets.

Prosecutor's Office in Trani, a small town in the southeast region of Puglia, the investigation focused on the international financial institutions, on the basis of complaints from groups currently Adusbef and Federconsumatori.

The office also currently exploring a large rating agencies - Moody's, Standard & Poor's and Fitch.

Euribor (The Euro Interbank Offered Rate) is the European Interbank Offered Rate, ie the interest rate at which banks can provide loans to each other in the European interbank market.

Tomáš Králíček, kralicek@mediafax.cz

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V Itálii bylo zahájeno vyšetřování možné manipulace se sazbou Euribor (20.7.2012)

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