Acting Assistant Attorney General of the Department of Justice, Mythili Raman, recently testified before the US House Financial Services Subcommittee on Oversight and Investigations, indicating that prosecutions against individual wrongdoers are likely to increase. Ms Raman highlighted prosecutions against nearly 14,500 individuals for financial fraud in the past three years, prosecutions against manipulation of markets, FCPA investigations against individuals, and investigations into the manipulation at various banks of interbank lending rates, including LIBOR. Also during the hearing, the subject of which was DOJ enforcement, or a perceived lack thereof, against financial institutions deemed "too big to fail," Ms. Raman defended the DOJ’s policy of taking into account collateral consequences to third parties, including shareholders and employees, as required by the U.S. Attorneys’ Manual, saying that collateral consequences do not "act as a bar to prosecution."