Global regulators' Libor probe has exposed flaws in banks' internal controls that may have...

|By:, SA News Editor

Global regulators' Libor probe has exposed flaws in banks' internal controls that may have allowed traders to manipulate interest rates around the world, sources say, along with email evidence of potential Libor collusion between firms. Banks may face civil fines as a result, though probably not this year. There has been no move toward criminal charges.