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Freshwater Five families hopeful as cocaine plot convictions appeal nears end
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Freshwater Five families hopeful as cocaine plot convictions appeal nears end
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Freshwater Five families hopeful as cocaine plot convictions appeal nears end
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They wanted to jail a banker - I was that banker
By Andy Verity
media captionLibor banker s appeal being examined by crime commission
Tom Hayes, the first banker to be jailed for rigging interest rates, has told the BBC he believes fresh evidence will show his conviction was unsafe.
It raises questions about more than 20 other cases and some of the only bankers prosecuted in the UK since the financial crash.
His case is now being examined by the Criminal Cases Review Commission.
The Serious Fraud Office (SFO) said he was found guilty by a jury and the Court of Appeal upheld the conviction.
No sign of progress towards a workable deal with the EU for financial services, on which news is due next month. Bank of England Governor Andrew Bailey warned in unusually frank terms this week that although the UK has granted ‘equivalence’ to the EU in some financial activities, ‘the EU has not so far done likewise to the UK’ and seems unwilling to do so by reference to a ‘common framework of global standards’. Instead, Brussels is seeking to apply to the UK ‘a standard that the EU holds no other country to’, amounting to ‘rule-taking pure and simple’. Given the importance of financial services to the UK economy, that’s a major defeat of the Brexit principle which seems to be passing almost unnoticed.