Tom Hayes
Judicial system needs ‘shake-up’ after trader convictions, says Sir David Davis
As published by the Standard Conservative MP Sir David Davis has said the judicial system “needs a shake-up” after describing the convictions of two former financial market traders as a “major scandal”. Tom Hayes and Carlo Palombo were found guilty over benchmark interest rate rigging in 2015 and 2019 respectively, but had their convictions quashed […]
Hayes appeal: British and US courts ‘left on different wavelengths’
As published by the Times Every morning, 16 banks across the City of London and Canary Wharf had to answer a question: “At what rate could the bank borrow funds by asking for and accepting inter-bank offers in a reasonable market size just prior to 11am?” This unwieldy “Libor question” bears repeating in any analysis […]