FCA v. Philippe Moryoussef Individual (benchmark submission rigging, 2022)

Judgment entered

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In July 2022 the FCA prohibited former Barclays manager Philippe Moryoussef from regulated functions after his 2018 conviction for conspiracy to defraud over EURIBOR submissions made at Barclays under his supervision, for which he was sentenced to eight years in prison. No fine was imposed.

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

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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 15 July 2022, prohibiting Moryoussef under section 56 of the Act. It relies on his conviction on 29 June 2018 of one count of conspiracy to defraud relating to EURIBOR submissions made at Barclays under his supervision, and his sentence on 19 July 2018 to eight years' imprisonment.

The FCA concluded the conviction showed a serious lack of honesty and integrity, that the offence was committed while he was an approved person, and that he is not fit and proper. The notice imposes no financial penalty.

This library tags the matter as benchmark submission rigging because the conviction concerns EURIBOR 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. 2022-07-15 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.