On March 17, 2015, the Financial Conduct Authority issued a press release and final notice announcing that it has banned a former Rabobank trader, Paul Robson, from the UK financial services industry further to his guilty plea and criminal conviction in the US for fraud and conspiracy to manipulate Rabobank’s Yen LIBOR submissions. In January 2014 Mr Robson was criminally charged along with two others by the US Justice Department for wire fraud that took place between 2006 and 2011. Mr Robson’s sentencing is due to take place in June 2017.

The FCA’s press release and final notice are available at: http://www.fca.org.uk/static/documents/final-notices/paul-robson.pdf and http://www.fca.org.uk/news/fca-bans-former-rabobank-trader-paul-robson-following-libor-fraud-conviction.