Company and Financial Law

From the SFO’s press release today:

“Further to our announcement on 2 July 2012, the Director of the Serious Fraud Office, David Green QC, is satisfied that existing criminal offences are capable of covering conduct in relation to the alleged manipulation of Libor and related interest rates. The investigation, announced on 6 July, involves a number of financial institutions.”

See also: Serious Fraud Office to open criminal investigation into alleged LIBOR manipulation

LIBOR scandal: European Commission announces proposals to criminalise the manipulation of benchmarks, strongly criticises the Bank of England

LIBOR scandal: Serious Fraud Office looking at criminal charges, review into adequacy of sanctions for financial misconduct, Parliamentary inquiry into banking standards

Posted on 30 July 2012 at 4:37 pm in Financial services and market conduct   |  RSS feed