27 June 2012 Last updated at 08:48 ET
The Financial Services Authority (FSA) has fined Barclays Bank £59.5m for misconduct relating to the London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor).
This is the largest fine imposed by the FSA.
The FSA said: "Barclays' misconduct was serious, widespread and extended over a number of years.
"The integrity of benchmark reference rates such as Libor is of fundamental importance to... financial markets."
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