Libor
Ex-UBS trader says bank 'mandated' conduct that led to Libor ban
Regulators say case against dealer "even stronger" now than it was when the ban came in 2016.
An ex-UBS Group AG trader banned from the finance industry over allegations that he manipulated Libor rates told a London court that his actions were "mandated" and "sanctioned" by the bank.
Arif Hussein, a former head of UBS’s sterling rates desk, is challenging a decision by the Financial Conduct Authority (FCA) to ban him at a London court hearing Tuesday.
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