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Libor-Fixing Problems Known at Height of Financial Crisis

Bank Of England Logo

The British Bankers' Association (BBA) issued a warning to banks in April 2008 to "submit honest rates" to its Libor setting panel, according to a series of emails which demonstrate that the problems with the crucial interest rate were being discussed at the highest level during the financial crisis.

Barclays Leader Stands Up To Be Counted

Barclays Canary Wharf

Last week’s testimony of Barclays Plc Chairman Marcus Agius to a U.K. parliamentary committee received less press than the earlier testimony of his former CEO, Bob Diamond, but Agius’s performance was more remarkable.



Blowing Whistle

Compliance whistleblower awarded in excess of $1m

The Securities and Exchange Commission has announced an award of more than a million dollars to a compliance professional who provided information that assisted the SEC in an enforcement action against the whistleblower’s company.