‘They wanted to jail a banker – I was that banker’on February 22, 2021 at 12:54 am

Tom Hayes, jailed for rigging interest rates, tells the BBC fresh evidence will show his conviction was unsafe.

It was standard industry practice, according to the CCRC application for Mr Hayes, to select a rate within that accurate range best suited to the bank’s commercial interests – based, for example, on the trades it had done. That was, according to him and the other defendants in rate-rigging trials, in line with a fiduciary duty they had as part of their jobs to do all they could to maximise revenues and minimise losses for their banks.