FCA bans individual

The FCA has banned Carlo Palombo from performing any regulated activity. Mr Palombo was convicted of conspiracy to defraud in respect of fixing EURIBOR whilst an employee of Barclays and was sentenced to 4 years’ imprisonment. The FCA has concluded that his conviction demonstrates a clear and serious lack of honesty and integrity such that he is not fit and proper to perform functions in relation to regulated activities.

Lucy Hadrill