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  • The European Union is planning to amend reforms to its market abuse regulations to close loopholes in an effort to prevent future manipulation of the London interbank offered rate and to propose criminal
  • The Clearing Corp. of India has launched a trade repository for over the counter fx derivatives in an effort to improve transparency.
  • NYSE Euronext has restructured the management of NYSE Liffe, naming executive v.ps. Mark Ibbotson as ceo in charge of exchange trading, clearing and regulation and Finbarr Hutcheson as ceo in charge of commercial and business development.
  • The U.S. Securities and Exchange Commission has approved rules and interpretations for key definitions of certain derivatives products, including “swap” and “security-based swap, and whether a particular instrument is a swap regulated by the Commodity Futures Trading Commission.
  • The U.K.’s Serious Fraud Office has announced it will formally launch an investigation into a number of financial institutions and their involvement in allegedly manipulating the London interbank offered rate, with an eye to possible criminal charges.
  • Barclays is considering whether to split in two and listing its investment bank in New York while the rest of the U.K. bank would remain listed in London.