SFO to launch criminal investigation into Libor scandal

On Monday, the SFO said: "Now that the investigation into the issue of regulatory misbehaviour has concluded, the SFO are considering whether it is both appropriate and possible to bring criminal prosecutions ... we hope to come to a conclusion within a month."

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Mr Cameron has said he wanted a joint committee of MPs and peers to investigate the scandal so that they can make recommendations for reform by January, rejecting Labour's calls for a full, independent, judge-led public inquiry.

However, the Attorney General, Dominic Grieve, has warned that a speedy investigation would potentially threaten to prejudice a criminal trial.