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The LIBOR Scandal and Lessons for Antitrust Compliance Programs

BY | January 7, 2013

David Flower, Nov 28, 2012 In June of 2012, when regulators in the United States and United Kingdom announced settlements totaling USD $451,000,000 with Barclays Bank, news that a large…

David Flower, Nov 28, 2012

In June of 2012, when regulators in the United States and United Kingdom announced settlements totaling USD $451,000,000 with Barclays Bank, news that a large bank apparently falsified its submissions used to set the LIBOR index outraged lawmakers and the public in both countries. The revelations, for those just hearing them, seemed particularly shocking-one of the world’s largest banks deliberately misstated information used to set the interest rate index relied

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