Libor legal proceedings to stretch for years
Complexity of Libor scandal continues to drag out proceedings
The expansive probe into Libor manipulation is set to continue for a few years yet, as complex investigations into the rigging remain drawn out.
"The scandal has got a lot of life in it yet," says David Corker, partner at London law firm Corker Binning. "In fact, we could be receiving our pensions by the time it's all over."
To date, US and UK regulators have penalised seven banks and brokers, including Barclays, UBS and Lloyds, though a number of other banks remain in the firing line.
Meanwhile
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Operational risk
