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Past and present UBS execs set for Libor grilling

The Swiss bank paid fines totalling $1.5bn late last year for its role in the global manipulation of Libor. Now, a UK Treasury committee wants answers

A cohort of past and present senior UBS executives – including investment banking chief Andrea Orcel and former chief executive Marcel Rohner – will this week answer questions over the bank’s role in the global manipulation of Libor.

The UK Parliamentary Commission on Banking Standards will first hear from Orcel on Wednesday morning alongside Philip Lofts, group chief risk officer, and Andrew Williams, global head of compliance.

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