RP Martin Fined Over $2 Million In Libor Inquiry

Mani

Published onMay 15, 2014

Updated on May 13, 2021

British broker-dealer RP Martin have been fined over $2 million by British and American regulators over charges of manipulating crucial interbank borrowing rates.

RP Martin is the second interdealer broker to be penalized in the case after ICAP plc (LON:IAP) was fined $88 million by the FCA and CFTC in September.

Libor inquiry

Libor, or the London Interbank Offered Rate, is a global benchmark that is calculated daily, using estimates from banks of their own interbank rates. The Libor scandal erupted a couple of years ago when Barclays was...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

RP Martin Fined Over $2 Million In Libor Inquiry

Libor inquiry

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