Barclays Bank fined $200 million by CFTC for attempted manipulation of Libor

Barclays offered settlement acknowledging order without admittting/denying findings

 

The Order recognizes Barclays’ significant cooperation with the CFTC during the investigation of this matter.

In a related matter, as part of an agreement with the Fraud Section of the U.S. Justice Department’s Criminal Division, Barclays agreed to pay a $160 million penalty and to continue to cooperate with the Department.  Furthermore, the United Kingdom’s Financial Services Authority (FSA) issued a Final Notice regarding its enforcement action against Barclays Bank PLC, and has imposed a penalty of £59.5 million against the Bank.

The CFTC thanks the FSA, the U.S. Department of Justice, the Washington Field Office of the Federal Bureau of Investigation and the U.S. Securities and Exchange Commission for their assistance in the CFTC’s investigation.

 

CFTC Chairman Gary Gensler’s Statement

Barclay Bank PLC Statement

Financial Services Authority Action

 

 

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