Question to the Attorney General:

To ask Her Majesty's Government, further to a US appeals court overturning the conviction on 28 January of two Deutsche Bank traders accused of manipulating Libor rates, what plans, if any, they have to review the processes around investigating such offences in the UK.

The Serious Fraud Office (SFO) is a specialist prosecuting authority tackling the top level of serious or complex fraud, bribery, and corruption.

In 2012, the SFO commenced investigations into Libor manipulation which resulted in nine individuals – all holding significant positions in their respective banks – either pleading guilty or found guilty by a jury.

Many of these convictions have been reviewed by the Court of Appeal and none of them have been overturned.