Ex-Deutsche Bank trader sues FCA

Pointing The Finger

Joerg Vogt, a former trading executive at Deutsche Bank, has sued the U.K. financial regulator for indirectly identifying him in its Libor settlement with the bank, a person with knowledge of the case said.

Bloomberg News reports that Vogt, the bank’s former director of euro trading, filed a claim against the Financial Conduct Authority on May 22, according to court records.

He said the FCA gave enough details about him in a report accompanying its $351m settlement with Deutsche Bank that he could be identified, said the person, who asked not to be named because the details aren’t public.

Vogt’s claim is the latest in a wave of suits from traders over improper identification in bank penalty notices. The agency lost a landmark appeal on the issue last month when a judge found it failed to properly anonymize Achilles Macris, the former JPMorgan manager of the London Whale trader, in a settlement report.

To access the complete Bloomberg News article hit the link below:

Ex-Deutsche Bank Trader Said to Sue U.K. FCA in Identity Spat

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