Bambos Tsiattalou, Partner and Founder of Stokoe Partnership Solicitors comments in Venture Capital Post regarding the SFO’s third Libor trial.

“United Kingdom’s Serious Fraud Office will start the third trial on Libor rigging case this Monday. Five former Barclays’ bankers will stand trial after investigation setback.

London Interbank Offered Rate (Libor) is the estimated average of interest rates by leading UK’s bank in London. Based on its offered rate, the bank will charge the borrower from other banks. The rates are calculated for five currencies and published every business day by Thomson Reuters.

“Given these recent and very public failures, the SFO will have to restore some credibility on its decision to prosecute cases such as the upcoming third Libor trial,” Bambos Tsiattalou, founder and partner at Stokoe Partnership Solicitors told City AM.”

Read the full article here.