A former Deutsche Bank trader lost a lawsuit in a dispute over whether regulators failed to shield his identity in a report on the manipulation of benchmark rates.
Bloomberg News reports that a London court said in a ruling dated February 26 that the Financial Conduct Authority didn’t give out enough information about Joerg Vogt to allow readers of the documents that accompanied a fine against Deutsche Bank to determine his identity.
The Vogt case is the second victory in a row for the embattled regulator in fights with around 10 bankers who say the regulator identified them in reports without giving them the opportunity to respond to allegations as required by law. The issue will ultimately be decided by the U.K. Supreme Court.
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