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Violation Tracker UK Individual Case

Company: ICAP Europe Ltd
Current Parent CompanyTP ICAP PLC
Parent at the Time of the Penalty Announcement: ICAP PLC
Recap of Ownership Changes: Tullet Prebon changed its name to TP ICAP after acquiring ICAP in 2016.
Penalty: £14,000,000
Year: 2013
Date: 25 September, 2013
Offence Group: competition-related offences
Offence Type: interest rate benchmark manipulation
Violation Description: ICAP Europe paid a £14 million fine in settlement of a finding by the FCA that the company's employees sought to manipulate LIBOR through collusion with traders at UBS.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: Jersey
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: financial market services
Source of Data(click here)