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Libor scandal reaches Tullet Prebon

Another name has been drawn into the Libor scandal after indications that a broker referred to by the Financial Services Authority (FSA) as ‘Broker C’ is inter-dealer broker Tullett Prebon(TLPR). It should be stressed however that there have been no formal accusations, and Tullett Prebon pointed out that it has not been informed by the FSA, or any other regulatory body, that it is under investigation in relation to Libor. But the revelations highlight how the scandal is now spreading from the banking sector and into the broader financial world.

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