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FCA fines and bans former senior executives of Martin Brokers for compliance failings in relation to LIBOR

The FCA has banned and fined two former senior executives of Martin Brokers (Martins) a total of £315,000 for compliance and cultural failings which facilitated the firm’s misconduct in respect of the London Interbank Offered Rate (LIBOR). David Caplin, Martins’ former chief executive, was fined £630,000 in 2014 for attempted manipulation of LIBOR Jeremy Kraft, […]

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