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Violation Tracker UK Individual Case

Company: UBS AG
Current Parent CompanyUBS
Penalty: £160,000,000
Year: 2012
Date: 19 December, 2012
Offence Group: competition-related offences
Offence Type: interest rate benchmark manipulation
Violation Description: UBS paid a £160 million fine in settlement of a finding by the FSA that the company's employees colluded with individuals both inside and outside the bank, and with other businesses, to influence the LIBOR and EURIBOR rates for their benefit.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: Switzerland
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data(click here)