April 14 (Reuters) - FCA
* Today published a decision notice in respect of Mr Arif
Hussein, formerly a derivatives trader at UBS in London.
* This sets out FCA's finding that Mr Hussein is not a fit
and proper person and its decision to prohibit him from any role
in regulated financial services
* FCA has found that Mr Hussein understood that it would be
improper for UBS's trader-submitters to make LIBOR submissions
with aim of benefitting UBS's trading positions
* Hussein disputes FCA's decision and has referred matter to
Upper Tribunal at which FCA and Mr Hussein will be able to
present their cases
Source:
Further company coverage: UBSG.S