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crumbs of comfort ..............

Finally the "libor manipulation " saga draws to a conclusion and the guilty parties are being punished by  the regulators after 6 years of abuse .......

              The only crumbs of comfort being offered to the counter parties of these abusive trades are that dispite losing out on P&L  we can at least accept we were right and honest .  Sadly  the complaints dept ; market supervision ; were either absent or blind to the obvious manipulation in their exchanges .

  I still find it strange how regulators have not mentioned  that STIRS exchanges 

failed in providing "fair and orderly markets " ; as the cost to the counter parties was substantial . Therefore with new exchanges arriving thick and fast offering identical trading contracts it is essential that exchange supervision and regulation is correct ; unfortunately i do not share this confidence partly due to resources and finance but mainly due to exchange quest for volume and profit ........ 

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