Skip to main content

Newsroom

April 12, 2013

Yen Libor probe focus on RBS

The head of Royal Bank of Scotland’s Japanese securities business is set to step down as regulators there move to sanction the UK-based lender in connection with the manipulation of benchmark interest rates.

“Ryusuke Otani, chief executive of RBS Securities Japan, is expected to announce his resignation this week, people close to the situation said.

The move comes as the Japanese Financial Services Authority prepares to level a penalty on RBS over the Libor manipulation scandal and breaches of regulatory rules separating trading operations from retail banking.

The watchdog was asked by the country’s Securities and Exchange Surveillance Commission earlier this month to take “administrative action” against RBS SJ. An announcement could come as early as this week.”

***

Read full Financial Times article here

 
In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today