UK FCA Lifts Bans on Four Traders After LIBOR Ruling

The UK financial watchdog revoked bans on four former traders sanctioned over the LIBOR scandal. The action follows the Court of Appeal overturning their convictions earlier this month.

Financial Conduct Authority's (FCA) logo is seen at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville

The United Kingdom's Financial Conduct Authority lifted industry bans on four former traders after a landmark appeals court ruling cleared them of benchmark-manipulation convictions. The regulator also scrubbed the related final notices from its public registry following the decision.

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