European Union:
Two Bankers Found Guilty By UK Court Of Manipulating EURIBOR
27 July 2018
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On July 12, 2018, the U.K.'s Serious Fraud Office announced
that two former bankers have been found guilty by a jury of
conspiracy to defraud for manipulating the Euro Interbank Offered
Rate (EURIBOR). One other former banker has been found not guilty
by a jury. The findings follow an investigation launched by the SFO
2012.
The jury could not reach verdicts on the case of three other
bankers. By July 20, 2018, the SFO will inform the court whether it
intends to proceed with a retrial. The two convicted bankers will
be sentenced on July 20, 2018.
The SFO's press release is available at:
https://www.sfo.gov.uk/2018/07/12/two-former-senior-bankers-
convicted-of-fraud-in-sfos-euribor-manipulation-case/.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from European Union
FCA Updates Its Alternatives Supervisory Strategy
Travers Smith LLP
On 1 March 2024, the FCA issued an interim update (Update) to its August 2022 and February 2023 portfolio letters (Portfolio Letters) to alternative asset management firms setting out its updated supervisory priorities.
Inside The FCA: Insights From 3 Ex-Regulators
Norton Rose Fulbright Hong Kong
Leveraging our experience as three ex-regulators we discuss the insights that our different experiences at the FCA have provided and how we translate that to advising clients across the full...
Regulation Round Up
Proskauer Rose LLP
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.