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The watchdog issued the second warning to a banker who made Libor submissions based on traders' requests and colluded with an interdealer broker to manipulate the rate.
Allen opted to testify in his own defence, telling jurors he rarely was involved personally in submitting numbers used to calculate Libor and that in those few instances, he ignored traders' requests to bias the rate.
In turn, the staff submitting the data would respond to the traders' requests.
"Requests to Barclays' submitters were made verbally and a large amount of email and instant message evidence consisting of derivatives traders' requests also exists," the FSA said.
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At first, she was jostled by bustling traders wondering what a reporter was doing on the floor; now she's approached by clerks asking for her autograph and traders requesting information from her last report.
Peter Johnson, the Barclays Libor submitter, was jailed last summer after pleading guilty to accepting trader requests to manipulate Libor.
The evidence against him also consisted of "trader requests" to put in higher or lower libor submissions.
"Done... for you big boy... " (April 7, 2006, Submitter's response to swaps trader requests for low one-month and three-month U.S. Dollar LIBOR).
For example, when one trader requested a specific rate and then expressed concern that the submitter might encounter resistance, the submitter replied: "Don't worry mate — there's bigger crooks in the market than us guys!" No Rabobank employees were charged criminally on Tuesday.
When one trader requested a specific rate and then expressed concern that the submitter might encounter resistance, the submitter replied: "Don't worry mate — there's bigger crooks in the market than us guys!" 8 Financial Institutions: $2.3 Billion Fine The European Union levied the largest combined penalty ever by the European competition authorities.
Tan filed a lawsuit against the bank late last year, claiming the practice of traders making requests to the bank's rate setters was well known by RBS management.
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