(If you haven't read my first post about the Libor-fixing scandal, you can read it here)
This is the first guilty plea for Libor-manipulation charges in the UK. Two individuals have pleaded guilty this year to similar charges in the U.S.
As Bloomberg reports, this is a significant result for the SFO as it is "still fighting critics for its survival, after some government ministers tried to combine it with other agencies in 2011."
Read more:
(Original Post) Commercially Aware - The Libor-Fixing Scandal
Bloomberg - U.K. Wins First Guilty Plea From Banker on Libor-Rigging
BBC News - Banker admits Libor fraud conspiracy
Priscilla
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