Libor rigging report suggests mercy for banks that own up
The UK Treasury Select Committee’s report into Libor fixing has criticised evidence given by Bob Diamond and other senior Barclays executives. It has also suggested softer treatment for firms that own up to wrongdoing voluntarily, writes Will Caiger-Smith.
In its report on Libor, published on Saturday, the Committee recommended several areas where action should be taken.
The Committee suggested that banks which own up to wrongdoing should be treated more leniently than those which are caught, that the Financial Services Authority should examine the potential for criminal
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