UK regulator seeks to ban ex UBS trader over alleged Libor rigging

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Reuters LONDON
Last Updated : Apr 14 2016 | 3:49 PM IST

LONDON (Reuters) - Britain's markets regulator is seeking to ban former UBS trader Arif Hussein from financial services for allegedly attempting to rig Libor benchmark interest rates - a move described by Hussein as a "gross misrepresentation".

The Financial Conduct Authority (FCA), which has banned six people and fined a string of banks as part of a global inquiry into how the London interbank offered rate was set and policed, said on Thursday Hussein was not a "fit and proper person".

(Reporting by Kirstin Ridley, editing by Freya Berry)

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First Published: Apr 14 2016 | 3:34 PM IST

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