Category Archives: Professional discipline and regulatory

Peter Binning comments on Tom Hayes confiscation order in City AM, Reuters, the Daily Mail, and the Law Society Gazette

UK court orders jailed Libor trader to pay 878,806 pounds Tom Hayes, a former star trader serving an 11-year jail sentence for manipulating Libor interest rates, was on Wednesday ordered to pay 878,806 pounds by a judge or face further time in prison. Judge Jeremy Cooke, who sentenced Hayes in August and has held him […]

FCA extending the boundaries of the fit and proper test to conduct outside the workplace?

The Financial Conduct Authority (FCA) has recently banned former BlackRock managing director, Jonathan Burrows from any role in the financial services industry after he was caught evading £43,000 in fares on his daily train commute into London. Burrows was stopped last November at the exit gates of London Cannon Street station and was found to […]