1) Commodity Futures Trading Commission (CFTC) – CFTC Orders Barclays to pay $200 Million Penalty for Attempted Manipulation of and False Reporting concerning LIBOR and Euribor Benchmark Interest Rates – Release: PR6289-12 (June 27, 2012)
2) Department of Justice (DoJ – U.S.) – Barclays Bank PLC Admits Misconduct Related to Submissions for the London Interbank Offered Rate and the Euro Interbank Offered Rate and Agrees to Pay $160 Million Penalty (June 27, 2012)
See also: the Barclays Bank PLC June 26, 2012 Non-Prosecution Agreement.
And see the Barclays Bank PLC June 26, 2012 Non-Prosecution Agreement here.
3) RBS Securities Japan Limited Agrees to Plead Guilty in Connection with Long-Running Manipulation of Libor Benchmark Interest Rates: Second Financial Institution to Plead Guilty to Libor Fraud and Pay Substantial Criminal Penalties; RBS Parent Company Also Admits Fault in Deferred Prosecution Agreement (February 6, 2013)
See also: CFTC Orders The Royal Bank of Scotland plc and RBS Securities Japan Limited to Pay $325 Million Penalty to Settle Charges of Manipulation, Attempted Manipulation, and False Reporting of Yen and Swiss Franc LIBOR (Release: PR6510-3) (February 6, 2013)
And see: RBS fined £87.5 million for significant failings in relation to LIBOR (FSA/PN/011/2013) (February 6, 2013)
4) Financial Services Authority (FSA – U.K.) – Final Notice (June 27, 2012) (Barclays fined £59.5 million for acting “inappropriately and breached Principle 5 on numerous occasions between January 2005 and July 2008 by making US dollar LIBOR and EURIBOR submissions which took into account requests made by its interest rate derivatives traders”)
SEE ALSO: FSA finalises proposals for the regulation and supervision of benchmarks
25 Mar 2013
The Financial Services Authority (FSA) has finalised new rules and regulations for financial benchmarks. This follows the recommendations of the Wheatley Review of the London Inter-Bank Offered Rate (LIBOR).
5) H.M. Treasury (HMT – U.K.) – [DRAFT] The Wheatley Review of LIBOR (August 2012)
See also Association of Corporate Treasurers (ACT – U.K.): The Wheatley Review of LIBOR – ACT response (September 5, 2012)
[FINAL] The Wheatley Review of LIBOR (September 2012)
6) Independent Commission on Banking (ICB – U.K.) – Final Report (September 2011)
See also Opening Remarks by Sir John Vickers (September 12, 2010)
7) House of Lords & House of Commons “Changing banking for good: Report of the Parliamentary Commission on Banking Standards (U.K.) (June 19, 2013) – see: