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S&P, Moody's and Fitch weren't hit as hard by new rules after the financial crisis as banks were.
S&P, Moody's and Fitch weren't hit as hard by new rules after the financial crisis as banks were.
Old rule of thumb shows investors arent getting paid for risk.
Greenback is a loser this year against all 16 major currencies.
UK regulators announcement last week seen speeding the process of replacing the benchmark.
Replacing the benchmark is part of an ongoing global reform effort.
U.K. regulator says the benchmark is unsustainable.