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Despite the inception of the LIBOR (London Interbank Offered Rate) scandal in 2012, the repercussions and fallout of the abuse continues to reverberate through the industry. Following a lengthy investigation, a trio of ICAP Plc’s brokers were acquitted by a UK court, which had stemmed from a previous complaint alleging LIBOR abuse.
This was not the first time ICAP brokers or former employees had come under fire from prosecutors. Late last year, broker, Colin Goodman had gone to courts in a bid to defend himself, after being presenting his predictions of the direction of the Japanese yen Libor market ... (read more)