Neil Williams
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The Serious Fraud Office and LIBOR: The End of the Line

Here, Neil Williams explains why nobody should be surprised that, seemingly out of the blue, the Serious Fraud Office (SFO) recently ended its lengthy investigation into the suspected rigging of LIBOR – the London Interbank Offered Rate and the benchmark interest rate that tracks...
Posted On 18 Nov 2019
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Serious Fraud Office concludes investigation into LIBOR manipulation

The Serious Fraud Office (SFO) has announced the closure of its investigation into LIBOR manipulation. Following a thorough investigation and a detailed review of the available evidence, there will be no further charges brought in this case. This decision was taken in line with...
Posted On 18 Oct 2019
Syedur Rahman
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Raids by the FCA: Why We Need to Look Beyond the Numbers

The Financial Conduct Authority (FCA) has recently reported that it carried out more raids last year than in any year since 2010. Syedur Rahman outlines why he firmly believes the reasons for those raids – and the results they eventually realise – are more important...
Posted On 17 May 2019
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FCA raids nearly double in 12 months as regulator targets unregulated investments

The number of ‘dawn raids’ conducted by the Financial Conduct Authority (FCA) has almost doubled in the past year from 13 in 2017 to 25 in 2018* states fscom, the financial services regulatory consultancy. fscom says that one of the drivers of the jump in raids is likely to be an...
Posted On 30 Apr 2019
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Whistle-blower reports submitted to FCA rise by 24% in 13 months to hit 1,755 mark

BDO LLP states that the total number of whistle-blower reports to the Financial Conduct Authority (FCA) has risen by 24% in the last year to attain an overall figure of 1,755 for the year ending 31 December 2018. That’s up from 1,420 in 2017. There was a 105% increase in...
Posted On 04 Mar 2019
Aziz Rahman
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Scaling Down The Rolls-Royce Investigation: A Sign of Panic at the SFO?

The Serious Fraud Office (SFO) has finally stopped investigating a number of former Rolls-Royce employees in connection with the bribery and corruption scandal that has been rumbling on for many years now. A shrewd decision based on available evidence? Or the frightened actions...
Posted On 10 Jan 2019
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Policing minister listens to officers’ first-hand experience at well-being roundtable

At a roundtable discussion held on Tuesday 16 January, Nick Hurd (Minister for Policing and the Fire Service) heard from experts and senior officers – including a chief superintendent who has written a personal memoir about policing and mental health – on the subject...
Posted On 23 Jan 2018
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Convicted LIBOR manipulator Tom Hayes ordered to pay £878,806 confiscation order

Tom Hayes, the first individual to be convicted after trial for the manipulation of LIBOR*, has been ordered to pay a confiscation order of £878,806 at Southwark Crown Court, sitting at the Central Criminal Court and the Rolls Building.  Hayes was convicted of eight counts of...
Posted On 23 Mar 2016
Brian Sims BA (Hons) Hon FSyI: Editor of Risk Xtra
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In Total Control?

Robust financial benchmarks play a significant role in the global economy and impact a multitude of monetary instruments and contracts used by companies, Governments and consumers. It’s somewhat worrying, then, that the Financial Conduct Authority’s (FCA) thematic review of...
Posted On 17 Aug 2015
Firms still have to do further work to identify the full range of their benchmark activities and improve their management of the associated risks
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FCA review finds companies still failing to fully manage benchmark risks

According to the Financial Conduct Authority’s (FCA) thematic review of oversight and controls of financial benchmarks, companies still have further work to address in order to identify the full range of their benchmark activities and improve management of the associated risks....
Posted On 30 Jul 2015
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