The prosecution is brought by the Serious Fraud Office and concerns the alleged manipulation of the Euribor rate. The trial began today at the Southwark Crown Court at Southwark before HHJ Gledhill QC.
Sean Larkin is leading counsel for Carlo Palombo, a Euro swaps trader at Barclays bank. Philip McGhee is junior counsel for Colin Bermingham, former Euro liquidity director at Barclays bank.