ASIC Chairman Greg Medcraft says banks are adopting an 'overly legalistic ' approach.Mick Tsikas/AAPThe 14-year sentence handed to Tom Hayes, the Yen trader at the centre of the Libor-fixing scandal in the UK, is the longest sentence yet in a scandal that has cost his former employer UBS, and others, US$17 billion in fines.
Apart from his obvious...
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