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Elke Koenig

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Precious Metal Manipulation Worse Than Libor Scandal, Says German Regulator

Elke Koenig Bafin

According to Germany’s top financial regulator, Elke Koenig, possible precious metal manipulation and manipulation of currency rates is worse than the Libor-rigging scandal, which has already led to fines of about $6 billion. Koenig, the president of Bafin, said in a speech in Frankfurt today that the allegations about the currency and precious metals markets…

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