In June, former USB and Citibank trader Tom Hayes was charged with eight counts of conspiracy to defraud in relation to his role in the alleged manipulation of LIBOR. This was followed by similar charges against two brokers, Terry Farr and James Gilmour, both formerly of R P Martin Holdings.

Earlier in the year, David Green asked MP’s that his SFO be judged on how it handles the LIBOR matter. Despite the continued Tchenguiz fall out – and now the BAE data issue – it will be the SFO’s performance in this investigation that will be the measure of its success under David Green.