FCA fines and bans former RBS trader, Neil Danziger

Content of Penalty:

Mr Danziger formerly worked at RBS trading products referenced to Japanese Yen (JPY) LIBOR. In addition, on occasion, he made RBS’s JPY LIBOR submissions to the British Bankers Association (BBA) when RBS’s primary submitters were not available. 

The FCA has found that Mr Danziger was knowingly concerned in RBS’s failure to observe proper standards of market conduct and has determined that he is not a fit and proper person because he acted recklessly and lacks integrity.

Date: 08/01/2018
Amount: 250,000
Link: https://www.fca.org.uk/news/press-releases/fca-fines-and-bans-former-rbs-trader-neil-danziger