United Kingdom: Libor trader goes to court in bid to overturn ban
10 Oct 2016

A Former UBS trader is pushing the financial watchdog to reveal the details of its investigation into the bank during the Libor scandal, in a bid to have his ban from the City reversed.

Arif Hussein is due to argue in the Royal Courts of Justice on Monday that the Financial Conduct Authority (FCA) should hand over more information to make clear how widespread the Libor-rigging conspiracy was.

The FCA claims that Mr Hussein, who traded sterling derivatives at UBS until 2009, tipped off Libor submitters at his bank about the rates that might suit his trading positions that day.

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