Herinneren we ons het Libor-schandaal nog?
Na Barclays heeft inmiddels ook het Zwitserse UBS met toezichthouders geschikt:
UBS said the fines – along with other payouts for mis-selling mortgage debts in the US – were likely to result in the bank recording a loss of 2bn-2.5bn Swiss francs in its financial accounts for the last three months of the year, although it still expects to make a profit for the year as a whole.
En dat is nog niet alles:
Like Barclays, UBS also accepted that management had also told staff to submit inappropriately low estimated borrowing costs for the bank during the financial crisis, in order to give a false impression of the bank’s ability to borrow cheaply and maintain market confidence in the bank. […]
“At least 2,000 requests for inappropriate submissions were documented – an unquantifiable number of oral requests, which by their nature would not be documented, were also made,” the [Financial Services Authority] said.
“Manipulation was also discussed in internal open chat forums and group emails, and was widely known.”
It was so common that the FSA said every single Libor submission by UBS during the period it examined, from 2005 to 2010, may have been tainted.
Kortom: tientallen individuen hebben jarenlang welbewust fraude gepleegd, zijn daar stinkend rijk mee geworden (ten koste van anderen, uiteraard) en de resulterende straf is uiteindelijk niet meer dan een eenmalige deuk in de jaarwinst van de werkgever.
Als dit geen gevalletje klassenjustititie is, dan weet ik het niet meer. Is dit inmiddels nog verrassend? Niet echt, natuurlijk.