FSA fines Barclays £59.5 million for significant failings relating to LIBOR and EURIBOR | Practical Law

FSA fines Barclays £59.5 million for significant failings relating to LIBOR and EURIBOR | Practical Law

The FSA has fined Barclays Bank plc £59.5 million for breaching Principles 2, 3 and 5 of the FSA's Principles for Businesses through misconduct relating to its submission of rates that formed part of the London Interbank Offered Rate (LIBOR) and Euro Interbank Offered Rate (EURIBOR) setting processes.

FSA fines Barclays £59.5 million for significant failings relating to LIBOR and EURIBOR

Practical Law UK Legal Update 7-520-0972 (Approx. 4 pages)

FSA fines Barclays £59.5 million for significant failings relating to LIBOR and EURIBOR

by PLC Financial Services
Published on 27 Jun 2012 • United Kingdom, USA (National/Federal)
The FSA has fined Barclays Bank plc £59.5 million for breaching Principles 2, 3 and 5 of the FSA's Principles for Businesses through misconduct relating to its submission of rates that formed part of the London Interbank Offered Rate (LIBOR) and Euro Interbank Offered Rate (EURIBOR) setting processes.