FCA plans to fine unidentified banker £2.5m
The FCA plans to fine a banker £2.5 million over the manipulation of LIBOR, the Financial Times has reported.
The regulator has been investigating people in connection with the alleged manipulation of the interest-rate benchmark and recently exercised its new powers to issue 'warning notices' against two unidentified bankers.
One such warning notice stated a fine of £2.5m, according to the FT.com's sources - however, these notices are not the final decision in the matter and the individuals involved can appeal before the Regulatory Decisions Committee.
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