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RBS enters enforceable undertaking

The Royal Bank of Scotland has entered an enforceable undertaking in relation to "potential misconduct" involving the Australian Bank Bill Swap Rate (BBSW), the Australian Securities and Investments Commission (ASIC) has announced.

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Read more: RBSASICBBSWAustralian Bank Bill Swap RateAustralian SecuritiesInvestments CommissionRoyal BankScotlandRegulatoryAustraliaBNP ParibasCFTCEUIndependent Compliance ExpertReference Bank BillsUBS AGUnited States Commodity Futures Trading Commission