FCA v. Colin Bermingham Individual (benchmark submission rigging, 2021)

Settled

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In September 2021 the Financial Conduct Authority prohibited Colin Bermingham from regulated work after his 2019 conviction of conspiracy to defraud over EURIBOR submissions made at Barclays under his supervision, for which he received five years in prison. He agreed to resolve the matter.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

—

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Financial Conduct Authority issued its final notice on September 27, 2021.

Bermingham was convicted on March 28, 2019 of one count of conspiracy to defraud relating to EURIBOR submissions at Barclays and sentenced on April 1, 2019 to five years' imprisonment. The FCA concluded the conviction showed dishonesty and a lack of integrity and made a prohibition order, which he agreed to.

The earlier insider-trading tag came from the phrase 'insider dealing' in the notice's standard list of offences the FCA considers and has been removed.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Benchmark submission rigging — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2021-09-27 FCA final notice

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• FCA final notice

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.