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Os paso la nota que he publicado en la FP de #opeuribor sobre el acuerdo deUBS con el Departamento de Justicia norteamericano, FSA, CFTC el F!"A$Como podreis comprobar, UBS admite abiertamente que manipul% el &U'!BO'()Por *in se conoce de *orma o*icial que UBS manipul% el +!BO' otr%s ndicesde re*erencia como -en +!BO', la tasa +!BO' .BP, C/F +!BO', la tasa +!BO'&uro, USD +!BO', &U'!BO' T!BO' &uroen$ Si se necesitaba una admisi%n

*ormal de la manipulaci%n del &U'!O' para poder declarar ile0itimo estendice, aqu la tenemos de manera clara directa$ -a podemos decir sin temora demandas que el &U'!BO' es un ndice manipulado por las entidades*inancieras por lo que no es admisible como ndice de re*erencia para lashipotecas de este pas$De momento estamos pendientes de poder conocer ladocumentaci%n sobre el acuerdo de UBS, pero lo que si sabemos es que lamulta es de 12$234 que el acuerdo no s%lo ha sido implementado para elDepartamento de Justicia norteamericano, sino que tambi5n para elCommodit Futures Tradin0 Commission 6CFTC7, la Autoridad de Ser8iciosFinancieros del 'eino Unido 6FSA7 la Autoridad Sui9a de Super8isi%n delercado Financiero 6F!"A7$De momento por lo que se re*iere a &uropa niest:n como siempre se les espera tarde mal$Como hemos dicho antes, a;nno tenemos el acuerdo, pero si que os podemos proporcionar la nota publicada

por el propio UBS acerca del acuerdo$ill also issue an orderconcludin0 its *ormal proceedin0s >ith respect to UBS$UBS a0rees to pa atotal o* approimatel C/F 2$3 billion in *ines and dis0or0ement$ UBS >ill pa.BP 2G4 million in *ines to the FSA and C/F H@ million as dis0or0ement o*estimated pro*its to F!"A$ The Board has authori9ed a pament o* *inestotalin0 USD 2$ billion to the DoJ and CFTC, and epects those authorities toma?e *urther announcements later toda$ These monies >ould be paidaccordin0 to speci*ied pament schedules$The conduct described in thesettlements includes the *ollo>in0(Certain UBS personnel en0a0ed in e**orts tomanipulate submissions *or certain benchmar? rates to bene*it tradin0positionsICertain emploees at the ban? colluded >ith emploees at otherban?s and cash bro?ers to in*luence certain benchmar? rates to bene*it theirtradin0 positionsI andCertain personnel 0a8e inappropriate directions to UBSsubmitters that >ere in part moti8ated b a desire to a8oid un*air and ne0ati8emar?et and media perceptions durin0 the *inancial crisis$The conductencompassed b the settlements includes -en +!BO', .BP +!BO', C/F +!BO',&uro +!BO', USD +!BO', &uribor and &uroen T!BO', althou0h the nature andetent o* the conduct in question 8aried si0ni*icantl *rom one currenc to

another$The Board o* UBS Securities Japan Co$ +td$, 6UBSSJ7 has authori9edUBSSJ to enter a plea to one count o* >ire *raud relatin0 to the manipulation o*certain benchmar? interest rates, includin0 -en +!BO'$ The Board o* UBS A.has authori9ed the *irm to enter into a "onProsecution A0reement 6"PA7 >ithDoJ relatin0 to UBS A. and all o* its subsidiaries and a**iliates, ecept *orUBSSJ$Todas resolutions stem *rom industr>ide in8esti0ations into thesettin0 o* certain benchmar? rates across a ran0e o* currencies$ Thesein8esti0ations ha8e *ocused on >hether there >ere improper attempts bban?s, either actin0 on their o>n or >ith others, to manipulate +!BO' andother benchmar? rates at certain times$UBS has *ull cooperated >ith theauthorities in their in8esti0ations and si0ni*icantl enhanced its control*rame>or? *or its submissions process *or +!BO' and other benchmar? interestrates$ The in8esti0ations b other 0o8ernmental authorities and pri8ate

liti0ation re*erred to in our third quarter 42 report remain on0oin0not>ithstandin0 todas announcements$UBS C&O Ser0io &rmotti said( Durin0

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the course o* these in8esti0ations, >e disco8ered beha8ior o* certainemploees that is unacceptable$ Their misconduct does not re*lect the 8alueso* UBS nor the hi0h ethical standards to >hich >e hold e8er emploee$ Keha8e cooperated *ull >ith the authorities and ta?en decisi8e and appropriateactions to correct the issues and to stren0then our control processes andprocedures$ Ke deepl re0ret this inappropriate and unethical beha8ior$ "o

amount o* pro*it is more important than the reputation o* this *irm, and >e arecommitted to doin0 business >ith inte0rit$LUBS Chairman Ael Keber said(The Board and ! ha8e 9ero tolerance *or inappropriate and unethical beha8ioro* an o* our sta**$ Ke appreciate that the authorities ha8e reco0ni9ed UBS *orthe thorou0hness o* our in8esti0ation and our eceptional cooperation$ Ke arepleased that the authorities 0a8e us credit *or the important and positi8echan0es >e ha8e alread made$ Our credibilit >ith clients, in8estors andemploees is critical and there*ore >e ha8e to continue to stren0then the*irmMs operations, culture and a>areness o* ris?$)