Ex-UBS trader jailed over benchmark-rate manipulation takes fight to Britain’s highest court
Matthew Connolly had sought $150mn from the bank after his exoneration in rate-rigging case
Judges refuse to refer case to highest court but leave former trader with chance to clear his name
SFO to re-examine cases including former UBS and Citigroup trader Tom Hayes
Former UBS and Citigroup trader had argued US judgments showed he was innocent
Former trader’s barrister tells London judges that US appeals court followed ‘correct approach’ when overturning similar convictions
Review commission says Carlo Palombo’s case ‘not dissimilar’ to that of former trader Tom Hayes
Criminal Cases Review Conviction said there is a ‘real possibility’ that Court of Appeal could overturn verdict
Meet the new boss, surprisingly different from the old boss
Decision allows some derivatives extra 15 months to transition from tarnished benchmark
After a series of US court rulings, Tom Hayes is trying to appeal against his UK conviction for rate rigging
Scandal forced some of the world’s largest financial institutions to pay billions in fines
Prosecutors abandon case after appeals court overturns Libor convictions of two former Deutsche Bank traders
Banking practices may appear unsavoury but this does not mean laws have been broken
Beware the possibility of backwards-looking regulations
New York appeals court acquits Matthew Connolly and Gavin Black of manipulating benchmark
Deal exposes challenge of outlawing tainted interest rate benchmark from all corners of the market
Benchmark rate has been a fixture of global finance for 45 years but has been tarnished by scandals
Banks step up efforts to prepare for end of scandal-tainted benchmark
Former UBS and Citi employee was found guilty in global conspiracy to manipulate benchmark interest rate
Several deals have been struck using the Sofr rate in a sign benchmark reform is progressing
The loan-backed securities will be pegged to a new interest rate benchmark from 2022
Sofr-linked futures and swaps gather volume despite lenders’ hesitation over new benchmark
Top officials, including the Bank of England governor, are pushing firms here to adopt a specific benchmark for dollar borrowing.
Officials at the state and federal level are writing fallbacks for some of the thorniest Libor-linked contracts into law. They might be inadequate.
