Treasury Committee instructs City Law School Visiting Professor on Libor investigation
An Honorary Visiting Professor of The City Law School has been instructed to advise the Treasury Committee on its investigation into the Libor rate-rigging scandal.
Jonathan Fisher QC is a leading barrister specialising in financial crime, corporate regulation and contentious tax cases. A graduate of the Inns of Court School of Law (now The City Law School) he was called to the Bar at Gray's Inn in 1980, becoming Queen's Counsel in 2003.
Mr Fisher was a visiting professor at Cass Business School between 2003 and 2006, lecturing on financial services regulation and investor protection law. In 2011, he was appointed Honorary Visiting Professor at The City Law School where he lectures student barristers on the typology of fraud and fraud in practice. He was also instrumental in setting up the Fraud and Financial Crime option on the Bar Professional Training Course.
Mr Fisher, of Devereux Chambers, will advise the parliamentary committee in its investigation into the Libor scandal. It comes in the wake of the £290m fine levied against Barclays Bank for rigging interbank lending rates. He says the Libor case may be the high water mark as we move into an era of tougher enforcement:
"My role is to advise the committee around issues such as how the penalty imposed by the FSA was calculated, whether the FSA sufficiently explored the route of criminal prosecution and whether it had the powers to do so. I have been providing the committee with guidance on the legal framework, ahead of its report."
The Treasury Committee has already heard evidence from key figures connected to the UK banking industry including Bank of England deputy governor Paul Tucker and Bob Diamond, the former CEO of Barclays. The report should be published before the end of the summer.