Basic Search  |  Summaries  |  Advanced SearchPenalty: £7,760,000
Year: 2014
Date: 28 July, 2014
Offence Group: financial offences
Offence Type: interest rate benchmark manipulation
Violation Description: Lloyds Banking Group paid the Bank of England £7.76 million in compensation for the reduction in the amount of Special Liquidity Scheme (SLS) fees received by the Bank as a result of manipulation by Lloyds Bank and Bank of Scotland of submissions to the BBA GBP Repo Rate.
Action Type: agency action
Agency: Prudential Regulation Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data: (click here)