UK watchdog terminates proceedings against Tom Hayes
The FCA has revoked Carlo Palombo’s ban from the financial services industry and is ending its action against Tom Hayes.
The FCA has revoked Carlo Palombo’s ban from the financial services industry and is ending its action against Tom Hayes.
The Serious Fraud Office (SFO) has issued a statement following the Supreme Court judgment regarding Tom Hayes and Carlo Palombo.
The UK Supreme Court today quashed the convictions of Tom Hayes and Carlo Palombo, who stood accused of manipulating LIBOR and EURIBOR (respectively).
The FCA makes an order prohibiting Carlo Palombo from performing any function in relation to any regulated activity.