European Commissioner for Internal Market Michel Barnier gestures while speaking during a media conference at EU headquarters in Brussels on Wednesday, Sept.18, 2013. The European Union seeks to ... more 
European Commissioner for Internal Market Michel Barnier gestures while speaking during a media conference at EU headquarters in Brussels on Wednesday, Sept.18, 2013. The European Union seeks to regulate financial benchmarks that are used in transactions worth trillions of dollars to prevent further market manipulations such as the one involving LIBOR, a critical interest rate banks use to borrow from each other. Under the proposal, national regulators and a coordinating European body are granted new powers to investigate possible rigging or conflicts of interests and can issue fines of up to 10 percent of a firm’s revenue. (AP Photo/Virginia Mayo) less 
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Associated Press | Photo By Virginia Mayo
Wed, Sep 18, 2013 3:13 PM EDT