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Britain's FCA says no plans to launch new Barclays Libor probe

Fri, 18th Oct 2013 12:14

LONDON, Oct 18 (Reuters) - Britain's financial regulatorsaid it has "no current plans" to launch a new investigationinto the alleged manipulation of Libor fixing by Barclays following new evidence disclosed in court filings onThursday.

According to evidence that came to light during a hearing atLondon's Court of Appeal, Barclays employees manipulated Liborbenchmark interest rates to benefit one of the British lender'ssterling investment funds between 2006 and 2010.

"There are no current plans to launch a new investigation,"a spokesman for the FCA told Reuters, following new informationdisclosed on Thursday at a hearing into a dispute betweenBarclays and a company that is suing it.

Barclays declined comment on Friday. It said on Thursday itdid not object to the introduction of new evidence to the Courtof Appeal hearing, but did not consider any of the new evidenceto be relevant to the court case.

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