Finance minister wants Rabobank to press charges in Libor case

Finance minister Jeroen Dijsselbloem has been pressing Rabobank to make a formal police complaint about members of staff involved in the Libor interest rate scandal, the NRC reports on Monday.

The NRC bases its claims on anonymous sources.

Fourteen bank workers have faced disciplinary measures such as the loss of bonuses and five have been sacked for their role in the scandal.

However, the sources say Dijsselbloem does not feel this goes far enough. He has reportedly had contact with interim chairman Rinus Minderhoud and asked him to press charges.


MPs have already urged justice minister Ivo Opstelten to come clean about how much he knew about the settlement reached by Rabobank over the Libor interest rate affair.

The Dutch regulatory authorities fined Rabobank €70m for its role in the affair, just under 10% of the total fine of €774m. Rabobank admitted 30 staff were involved in manipulating interest rates between 2005 and 2011.

The bank’s chief executive Piet Moerland stood down the day the settlement was made public but had been due to retire in 2014.

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