GLOBAL BENCHMARK MANIPULATION TRACKER

The daily worldwide tracker of penalties for financial benchmark manipulation
Information provided by the Banking and Financial Disputes group at Collyer Bristow LLP

ABOUT

Since the first major revelation of financial benchmark manipulation in June 2012, when the Financial Services Authority (now called the Financial Conduct Authority) in the UK fined Barclays Bank Plc £59.5 million for Libor manipulation, there have been actions by regulators worldwide over the manipulation of financial benchmarks – Libor, Euribor, ISDAfix, Forex and BBSW. Regulatory activities continue in many jurisdictions and it has been accompanied by litigation against banks in the UK, USA and elsewhere with very substantial settlements being achieved.

This tracker plots the imposition of penalties worldwide and is reviewed on a daily basis by staff at Collyer Bristow and updated as necessary. It is hoped that the tracker will be of value to lawyers, regulators and journalists and we welcome any suggestions for improvement.

Some of our own views about legal action that may arise in the UK from financial benchmark manipulation are indicated on the Collyer Bristow Banking and Financial Disputes page but our updated views can be obtained by contacting Collyer Bristow banking disputes partners:-

Stephen Rosen – stephen.rosen@collyerbristow.com +44 (0) 20 7468 7208

Janine Alexander – janine.alexander@collyerbristow.com +44 (0) 20 7470 4519

Robin Henry – robin.henry@collyerbristow.com +44 (0) 20 7470 4439

Collyer Bristow LLP is a leading law firm providing a comprehensive range of services to clients in the UK and internationally. It works with businesses and public bodies of all shapes and sizes and across a broad range of sectors. It is one of the few conflict of interest – free law firms handling disputes with banks and other financial services entities operating in the professional and retail financial markets.

You can also follow our Banking and financial disputes team on Twitter: @BankingDisputes

Collyer Bristow LLP is a limited liability partnership registered in England under number 0C318532, registered office 4 Bedford Row, London WC1R 4TF
and is regulated by the Solicitors Regulation Authority under number 441900