Libor

Tom Hayes loses appeal over Libor conviction

Tom Hayes fails in bid to clear his name

Hayes served five and a half years in prison but maintained he was a scapegoat

2 min read

'I have never seen IPOs as low as I’ve seen this year'

Credit Suisse, Libor, and an IPO drought: Trading bosses look back on a chaotic year

Exchanges faced a host of challenges this year, with plenty more to come

4 min read

Tom Hayes served five-and-a-half years in prison for his part in the Libor rigging scandal

Tom Hayes files court papers to overturn Libor conviction

Hayes’ case is expected to be heard early next year

2 min read

Daniel Maguire: 'Clearing has created hygiene and uniformity to the point where if people can clear they will'

Daniel Maguire: ‘We went from post-trade backwater to front page news’

LCH’s chief executive is surprised clearing has spent a decade in the spotlight — and glad he no longer has to deal with ‘the four-letter word’: Libor

5 min read

Bob Diamond leaves in a taxi after giving evidence to the Treasury Select Committee in 2012

Libor is dead. Now hundreds of experts must reinvent themselves

Around $220tn of financial contracts had to move away from the scandal-hit London Interbank Offered Rate before 30 June. What will those who took on that almost impossible task do now they have succeeded?

9 min read

Tom Hayes’ case is being referred to the Court of Appeal based on questions around the 'definition of Libor'

Tom Hayes’ Libor conviction set for Court of Appeal review

Hayes has served five-and-a-half years in prison but maintains he was a scapegoat

3 min read

Why Libor needs a replacement benchmark

Regulators should not insist on replacing the one-size-fits-all Libor regime with another one-size-fits-all benchmark

5 min read

Libor represents the market rate for borrowing between banks, but it was tarnished by a rigging scandal that came to light in 2012

LCH completes $45tn Libor transition

Of the $45tn, $43tn was converted on the weekend of 19 May

2 min read

At the end of June this year, dollar Libor will cease to be published

End of dollar Libor leaves markets with uncertain future — here’s what you need to know

The dollar’s global reach means global markets are facing fresh challenges

5 min read

'I'm in an economic war,' Hayes tells FN

PTSD, divorce and £1.5m in legal fees: Libor rigger Tom Hayes’ battle for innocence

Convicted for manipulating the influential interest rate, Hayes says he never got to say goodbye to his son or explain why he was suddenly going to prison

7 min read

'The approach taken by the English courts is out of step with every other jurisdiction,' according to Tom Hayes

Convicted Libor rigger Tom Hayes files fresh submission to overturn prosecution 

Battle over alleged rate manipulation drags on as Hayes asks the Criminal Cases Review Commission to take another look at his case

4 min read

The former UBS and Citigroup trader hopes he will be headed back to the UK Court of Appeal after a win in the US

Convicted Libor rigger Tom Hayes has US indictment quashed as UK appeal continues

Hayes continues to claim he was scapegoated in the wake of the financial crisis as a decision on his UK future is 'imminent'

If all goes to the FCA's plan, publication of Sterling Libor rates will end on 31 December

Libor’s last vestige to fade away as UK phases it out in sterling

Years in the making, synthetic sterling Libor is set to end on 31 December

Death of Libor sends CME an ‘exponential’ boom in Sofr futures contracts

‘It’s five or six times the level of activity that we saw only six months ago’

US judge rejects case against Deutsche Bank traders found guilty of Libor rigging

The 27 January reversal shows how difficult it has been for prosecutors to use broadly written anti-fraud laws to punish traders competing in sophisticated markets

Executive pay will continue to be a focus as the PRA looks to banks to tighten up their risk controls

UK regulator tells banks risk management is a top priority after Archegos

Bank of England's regulatory arm sets out what is at the top of its agenda for the coming year

2 min read

Tom Hayes was released from HMP Ford on 29 January, 2021

Tom Hayes vows to ‘fight’ after convicted Libor rigger denied right to appeal

The decision comes almost five years after lawyers for the trader asked for a review to try and have his conviction quashed

3 min read

December will be the last month for the London Inter-Bank Offered Rate – well, kind of

What’s next for Libor – 2021 marks the end for the world’s most important number

Less than one month remains for a rate that underpins vast swathes of financial markets

6 min read

After multiple delays, a decision on whether the Court of Appeal should look at Hayes' case approaches

Convicted Libor rigger Tom Hayes has date set for appeal decision

The Criminal Cases Review Commission began investigating Hayes' case almost five years ago

3 min read

Deutsche Bank whistleblower awarded $200m prize for Libor tip-off

The payout is the largest ever by the US Commodity Futures Trading Commission

3 min read