Almost 12 years ago, this blog discussed the 'LIBOR banking' situation and noted that the Serious Fraud Office (SFO) was then close to bringing criminal charges.
By way of a brief reminder, LIBOR was the abbreviation for the London Interbank Offered Rate. Money market traders found themselves able to earn money for their bank (and, through their personal pay structure, for themselves) by subtle manipulations of the rate. Very small alterations in the rate equated to considerable sums of money. The process was well described by Alex Bailin QC (now KC) in The Guardian 4th July 2012 The Law catches up with LIBOR
In 2015,