Secret Libor list names top Barclays executives

26/01/2013 23:03
 

Barclays Bank

The details were made public following the dismissal of an attempt by more than 100 current and former Barclays staff, including all but one of the shortlist, to seek anonymity. It came ahead of the UK’s first trial related to the rigging of the benchmark interest rate.

Also on the shortlist are former chief executive Bob Diamond and former chief operating officer Jerry del Missier, who both resigned following the Libor scandal. Mark Dearlove, the current head of the bank’s money-market desk who is responsible for the bank’s Libor submissions, and Stephen Morse, the former head of compliance, are also named. The longer list ranges from senior executives to traders.

The identity of all 104 individuals came to light in a case brought by Guardian Care Homes, which is seeking about £38m in damages from Barclays over interest rate swaps it claims it was mis-sold by the bank. Guardian says the swap product it was sold was tied to Libor, which it argues was set dishonestly.

Read More...

Please note : The content on this site does not always express the viewpoints of the site owner

Many topics are covered and links given, so that you can do your own research

 

FAIR USE NOTICE: These pages/video may contain copyrighted (© ) material the use of which has not always been specifically authorized by the copyright owner. Such material is made available to advance understanding of ecological, Political, Human Rights, economic, scientific, Moral, Ethical, and Social Justice issues, etc. It is believed that this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior general interest in receiving similar information for research and educational purposes.

globalnoncompliance.net