We aim to make this site as accessible as possible and therefore have provided the settings below to use if you are finding it difficult to view this website. See the SFO Accessibility Statement for more information.

Where it is appropriate to provide a Welsh translation, you can switch to Cymraeg. See the Welsh Language Commissioner website for more information.

Use the settings button in the bottom right corner of the page to access these settings again.

Change to normal text size A Change to medium text size A Change to large text size A Adjust Text Size

We would like to use Analytics Cookies on our website. 

Turn these on below if you are happy with us collecting information on how our site is used, in order for us to improve the overall experience of our website. 

All other cookies are necessary and therefore by continuing to browse this website, you are agreeing to the usage of these cookies.

 See the SFO Privacy Policy for more information. 

Analytics Cookies

LIBOR

The London Interbank Offered Rate, or LIBOR, is the average interest rate at which banks can borrow from one another and a huge number of investments and trades are referenced to it.  These transactions involve small businesses, large financial institutions and public authorities as well as individuals affected by the interest rates attached to a wide range of contracts including loans, savings rates and mortgages. The SFO accepted for investigation the alleged manipulation of LIBOR on 6 July 2012.

Charges have so far been brought against 13 individuals. Of these:

  • one was found guilty by a jury in August 2015.
  • six defendants were acquitted in January 2016.
  • a further trial began on 4 April 2016 and concluded with three convictions and one guilty plea. This guilty plea, made in October 2014, was the first criminal conviction for a LIBOR offence in the UK. The jury was not able to reach verdicts on two individuals. Both individuals were retried and subsequently acquitted on 6 April 2017.

More information can be found on the case pages below.

LIBOR cases

LIBOR Yen (Hayes)

LIBOR Yen (Interdealer Brokers)

LIBOR US Dollar (Barclays)

Tudalen wedi ei chyhoeddi ar 25 Medi 2015 | Tudalen wedi ei haddasu ar 9 Tach 2020