FX to Libor Probes Mean Shortage of Top Lawyers for U.K. Traders

FX to Libor Probes Mean Shortage of Top Lawyers for U.K. Traders

Jin Lee/Bloomberg

Regulatory scrutiny of benchmarks has grown since it emerged that Libor, the benchmark interest rate for more than $360 trillion of securities worldwide, was being manipulated. Barclays Plc was the first bank to be penalized in the investigation in June 2012.