SFO announcement regarding LIBOR investigation

10 Sep 2012

Following the SFO’s announcement (http://www.sfo.gov.uk/press-room/latest-press-releases/press-releases-2012/libor-sfo-to-investigate.aspx?intEmailHistoryId=778390&intEmailListId=133&intEmailId=60099&intExternalSystemId=1) that it is investigating the operation by a number of banks of the London Interbank Offered Rate (LIBOR), the SFO’s Director has issued a press release (http://www.sfo.gov.uk/press-room/latest-press-releases/press-releases-2012/libor-criminal-offences-are-capable-of-covering-conduct.aspx?intEmailHistoryId=778390&intEmailListId=133&intEmailId=60099&intExternalSystemId=1) stating that he is satisfied that currently-existing criminal offences are capable of covering conduct in relation to the alleged manipulation of LIBOR and related interest rates.