Libor legal proceedings to stretch for years

Complexity of Libor scandal continues to drag out proceedings

Barclays was the first bank to be fined by regulators for Libor manipulation, in June 2012

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.


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Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

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