SFO Faces Uphill Climb To Mount 'Lowballing' Libor Cases

Law360, London (October 27, 2016, 6:43 PM BST) -- The Serious Fraud Office has prosecuted a number of low-level traders for Libor rigging, but so far it hasn't targeted individual bankers involved in submitting artificially low benchmark rates on the eve of the financial crisis. One reason, experts say, is the evidential and political complexity of such so-called lowballing cases.

The U.K.'s Serious Fraud Office has begun questioning Barclays executives for allegedly lowballing borrowing estimates to manipulate Libor. (Credit: AP) The billions of dollars in fines the world's biggest banks have paid for rigging the London interbank offered rate have resulted from two kinds of manipulation: junior bankers tweaking rate...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!