D.he US financial regulator, the CFTC, paid a whistleblower the record amount of nearly $ 200 million. The tipster helped authorities in the USA and Great Britain to clarify interest rate manipulation by Deutsche Bank in the so-called Libor scandal, reported the “Wall Street Journal” citing Insider in its Friday edition. the Deutsche Bank did not want to comment on request.
The CFTC only confirmed the amount in a notification without providing any information about the whistleblower or the companies concerned. Deutsche Bank and other financial institutions had accepted comparisons worth billions in the past few years because dealers were said to have manipulated the Libor reference interest rate from them. This is an important benchmark for international financial transactions to which numerous Loans are coupled.
A law was recently passed in the United States to maintain the CFTC whistleblower program. The “Wall Street Journal” reported in May that the program was at risk due to an expected high payout to a Deutsche Bank manager. This is related to the $ 2.5 billion settlement that Deutsche Bank agreed with supervisors a few years ago because of the Libor manipulation. The CFTC declined to comment, citing the agency’s policy.