Libor Scandal Will Prompt Greater Regulatory Burden: Analyst

2:50 AM ET Fri, 29 June 2012

"What is really depressing about this is that it is just one in a long line of issues our banks have had with respect to transparency across the board and the worry is it is going to prompt a much greater regulatory burden going forward and at the end of the day it's going to cost jobs in the financial sector," Michael Hewson, analyst, CMC Markets, told CNBC.