Some Libor bankers face prosecution

Updated
FSA
FSA

Unscrupulous bankers will face criminal prosecution under far-reaching reforms designed to prevent a repeat of this summer's interbank rate-fixing scandal.


In a speech, Financial Services Authority (FSA) managing director Martin Wheatley reveals a 10-point plan to overhaul the Libor system and stamp out the "shocking behaviour" that led to systemic rate manipulation at the height of the financial crisis.
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