Report finds FSA failings over LIBOR fixing

Nicola Brittain

A Financial Services Authority (FSA) audit report into the London Interbank Offered Rate (LIBOR)scandal has found the regulator failed in at least three key areas which meant it did not realise the rate was being fixed.

The report, which was commissioned by FSA chairman Adair Turner, looked at whether the regulator was implicated in the scandal which broke last June. Banks including Barclays and Royal Bank of Scotland...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week