The FCA has published warning notices against four bankers for interest rate fixing.
The regulator says the individuals, who remain anonymous, have committed “serious failings”.
One notice says that over a period of three and a half years, an individual made interest rate benchmark submissions which took into account requests made by traders to benefit their positions, and colluded with an interdealer broker in an attempt to influence the rate submissions of other banks.
Another notice says a trader “dishonestly” attempted to interfere with the rate benchmark submissions of the bank, and at other banks, to benefit trading positions.
The individuals have the right to make representations to the FCA’s regulatory decisions committee, which will decide whether to issue decision notices against them.
Last week, Lloyds Banking Group was fined £105m by the FCA for trying to manipulate Libor and the amount it had to pay to the Bank of England to access the Special Liquidity Scheme. The bank has suspended seven employees for their role in the failings.