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Act Quote by Emily Thornberry

“The Fraud Act 2006 makes it perfectly clear that Libor rigging is prosecutable as a criminal offence.” quote by Emily Thornberry
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“The Fraud Act 2006 makes it perfectly clear that Libor rigging is prosecutable as a criminal offence.”

Emily Thornberry

About This Quote

The law explicitly criminalizes manipulation of benchmark interest rates, making such conduct prosecutable.

In simple terms: Legal prohibition of rate rigging

Key Takeaway

Libor manipulation is a crime

Themes

law finance ethics regulation crime

Mood

serious authoritative

Type

statement policy

When to use this quote

  • bank compliance audits
  • regulatory investigations
  • court proceedings

Key Concepts

benchmark rates criminal law financial markets

Practical Applications

  • enforcing market integrity
  • deterring fraud

Questions to Reflect On

  • How does criminal law deter financial misconduct?
  • What are the broader impacts of punishing rate rigging?
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