In a statement it said that the recent LIBOR scandal raised serious concerns about false submissions of banks' estimated interbank lending rates. It added that "any actual or attempted manipulation of such key benchmarks can have a serious impact on market integrity." It said that this could result in "significant losses to consumers and investors, or distort the real economy." The Commission has adopting amendments to the proposals for a Regulation and a Directive on insider dealing and market manipulation, including criminal sanctions, initially tabled on October 20 2011. It is asking each member state to provide for criminal sanctions in its national laws to cover the manipulation of benchmarks. It is not at this stage proposing to set the minimum types and levels of criminal sanctions. Barclays was hit with