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LIBOR Litigation

Archived Page

NOTE: This page is no longer being updated! 

These materials were originally collected between September 2012 through August 2015. This page was created in to reorganize the materials for archival purposes, with some new content for context. However, as of February 2020, information on this Libguide is not being updated. 


Civil Cases

  • Graiseley Properties v. Barclays Bank and Deutsche Bank v. Unitech [2013] EWCA Civ 1372 
    • This originated as two separate cases involving enforcement of financial agreements that utilized LIBOR. Neither case initially involved allegations relating to LIBOR manipulation but parties later sought to amend their pleadings to include such claims. On Nov. 8, 2013, the Court of Appeal of England and Wales issued this decision to allow such amendments to the pleadings. 

Criminal Cases and Investigations
The Serious Fraud Office (SFO) began investigation into LIBOR manipulation in July 2012. 

Government Actions

HM Treasury

Financial Services Authority (FSA)
Note: In April 2013, the FSA was replaced by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) as the government authority overseeing financial services. 

Parliamentary Commission on Banking Standards

  • A joint commission appointed by Parliament in July 2012 in the wake of the LIBOR scandal to investigate UK banking standards and make recommendations for legislation (Research briefing about the commission)
  • July 2013: the commission released a two-part report, Changing Banking for Good (Vol. I and Vol. II)