Warning Notice Statement 14/6 indicates that a trader at a bank has received a FCA warning notice because the FCA considers the individual to have been knowingly concerned in the contravention of Principle 5 (Market Control) by the bank for significant failings in relation to an interest rate benchmark over a period of two years.  The FCA considers that the trader made requests to the bank’s submitters for the purpose of benefitting trading positions referenced to an interest rate benchmark.

View Warning notice statement 14/6 – Individual, 27 March 2014