A London judge ruled former Deutsche Bank AG trader Christian Bittar was improperly identified in a regulatory sanction notice against the bank over Libor in a significant setback for the Financial Conduct Authority.
Bittar, who still faces a 10-million pound ($15 million) fine, had the right to review the FCA’s settlement with Deutsche Bank for manipulating interest-rate benchmarks before it was published, because his identity could be determined in the report, Judge Timothy Herrington said in a judgment published on the court website Tuesday.
