FCA v. Peter Charles Johnson Individual (benchmark submission rigging, 2016)

Judgment entered

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In August 2016 the FCA prohibited Peter Johnson, a senior Barclays money-markets trader, from regulated functions after he pleaded guilty to conspiracy to defraud over his LIBOR submissions and was sentenced to four years in prison.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 this final notice on 26 August 2016, prohibiting Johnson under section 56 of the Act. It finds that between 1 June 2005 and 1 August 2007 he committed deliberate misconduct in making submissions for LIBOR on behalf of Barclays.

The Serious Fraud Office charged him in February 2014 with one count of conspiracy to defraud relating to his LIBOR submissions. He pleaded guilty at Southwark Crown Court on 3 October 2014 and was sentenced on 7 July 2016 to four years in prison. The FCA concluded that the guilty plea showed he lacked honesty and integrity and was not fit and proper. The notice imposes no financial penalty.

This library tags the matter as benchmark submission rigging because the conduct is distorted LIBOR submissions. The record had shown the status as filed and named him with the word Individual.

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. 2016-08-26 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.