City regulator publicly censured Paul White and barred him from carrying out any regulated financial activityThe Financial Conduct Authority has banned a former Royal Bank of Scotland trader from working in the financial industry for submitting unfounded Libor rates at the request of traders.
Paul White was RBS’s main Libor submitter for the Japanese yen and Swiss franc Libor – the benchmark rate for lending between banks used to set $300tn (£210tn) of contracts globally. Continue reading...
Source: theguardian.com