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SFO concedes Barclays Libor convictions may be “unsafe” following Tom Hayes ruling

An exterior view of the Barclays headquarters high-rise building in Canary Wharf, East London, UK. The modern glass and steel tower features the company’s signage displayed on its facade.
Photo: Getty Images

Jean Hurley

2 min read
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Questions raised about fairness of process as six more individuals could have decisions re-examined.

The Serious Fraud Office (SFO) has conceded that several convictions in the Libor rate-rigging scandal, including those against former Barclays bankers, may be considered unsafe in a significant fallout from the UK Supreme Court’s landmark decision to quash the conviction of Tom Hayes. 

​In a recent statement, the SFO

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