- £160 million of the UBS fine will go to the UK's Financial Services Authority
- The FSA says at least 45 people were involved in the rigging
- The remainder of the fine will be divided up between the US Department of Justice, Commodity Futures Trading Commission and Swiss regulator Finma
Swiss bank UBS has agreed to pay £940 million in penalties over fixing the Libor interbank lending interest rate. The penalty was agreed with US, UK and Swiss regulators. It is to pay a record £160 million fine to the Financial Services Authority.