Friday 28, September 2012 by Robin Amlôt
Wheatley review outlines LIBOR reform, castigates banks
"Society has lost confidence in banks... and we need to restore that," said Martin Wheatley, FSA managing director and CEO-designate of one of its successor bodies, the Financial Conduct Authority. He added that society wanted those involved with rigging the LIBOR rate to ‘pay the price, and if that includes jail for the most extreme fraud in the system, then that's what should happen’.
