“Bankers who have bent the City's rulebooks should think about seeking legal advice in the wake of the trial of former Libor trader Tom Hayes, legal experts have said.
Hayes's defence, that he was simply one of several rate-riggers, may now lead to a raft of law cases being brought.
Jeremy Rosenberg, a City barrister expert in criminal law, told IBTimes UK: "I have it on good authority there are 10 more prosecutions to proceed after Tom Hayes, and one is listed in January of next year – I don't know if it's one person or many defendants.”
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