Mmastodon WorldLaw & Courts first seen 3 d ago, last 3 d ago, peak #3
Ex-bankers' rate-rigging convictions quashed on appeal
Original: Ex-bankers jailed for rigging rates have convictions quashed https://www.bbc.co.uk/news/articles/cm4g175e8163o?at_medium
Former bankers who were jailed for rigging benchmark interest rates have had their convictions quashed on appeal. The ruling overturns one of the most high-rate financial crime prosecutions to emerge from the Libor scandal, reopening debate about whether traders were unfairly criminalised for conduct that was commonplace in the industry at the time.
Why now: The appeal court's decision to overturn landmark rate-rigging convictions is a major development in financial crime law.
Evidence
- Ex-bankers jailed for rigging rates have convictions quashed https://www.bbc.co.uk/news/articles/cm4g175e8163o?at_medium=RSS&at_campaign=rss # Law # Crime # Justice · bbc_news@robot.villas · 1
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