By Mark Kleinman, City Editor
A City-based trader was questioned by American regulators in London earlier this month as US authorities stepped up a series of probes into the global Libor rate-rigging scandal.
Sky News understands that the unnamed trader, who works for Deutsche Bank, was interviewed by a team consisting of at least half a dozen officials from the US Department of Justice (DoJ) within the last few weeks.
The DoJ officials' presence in London underlines the extent to which national authorities are both working collaboratively and encroaching on one another's turf during their efforts to secure criminal convictions and extract billions of pounds in fines from many of the world's biggest banks.
Tom Hayes, a former UBS and Citigroup trader, was charged by the Serious Fraud Office (SFO) in June with eight counts of conspiring to manipulate Libor for Japanese yen between August 2006 and September 2010.
US officials were reported to have been angered by the arrest of Mr Hayes because he was a principal target of their own investigation.
So far, Barclays, Royal Bank of Scotland and UBS have reached settlements with authorities in the UK, US and Asia totalling approximately £1.5bn, while last month, Singaporean regulators censured 20 banks over allegations that their traders attempted to manipulate local benchmark rates.
Last week, two former interdealer brokers from RP Martin were hit with criminal fraud charges by the SFO, which alleges that they were part of a broad conspiracy involving executives from banks including Deutsche Bank and JP Morgan.
It is unclear whether the Deutsche Bank employee who was questioned by the DoJ is among those already named as being implicated in the Libor scandal, which involved traders submitting false rates that are used to price trillions of dollars in loans and derivative contracts throughout the global financial system.
"The Bank is cooperating in the various regulatory investigations and conducting its own ongoing review into the interbank offered rates matters," a Deutsche Bank spokesman said.
"As per the current status of investigations, we can say that no current or former member of the Management Board had any inappropriate involvement in the interbank offered rates matters under review.
"It has also found that certain employees, acting on their own initiative, engaged in conduct that falls short of the Bank's standards, and action has been taken accordingly."
Sources played down suggestions that the DoJ interviews in London meant that a settlement between Deutsche Bank and regulators was imminent. Any agreement is unlikely to come until next year, they said.
Deutsche Bank is among the City's biggest employers, basing many of its global markets businesses in London.
The bank – Germany's largest – has set aside roughly 500m Euros to cover potential fines for its role in the Libor scandal.
Anda sedang membaca artikel tentang
US Interviews London Trader In Libor Probe
Dengan url
http://kerjasendirianda.blogspot.com/2013/07/us-interviews-london-trader-in-libor.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
US Interviews London Trader In Libor Probe
namun jangan lupa untuk meletakkan link
US Interviews London Trader In Libor Probe
sebagai sumbernya
0 komentar:
Posting Komentar