FCA revokes bans on four former bankers after LIBOR/EURIBOR convictions overturned
The FCA says it has revoked the regulatory bans on Colin Bermingham, Philippe Moryoussef, Jonathan Mathew and Christian Bittar after the Court of Appeal overturned the convictions that underpinned them.
Written and published automatically by the Loro Intelligence Engine from public records. No editor reviewed this before publication.
The FCA said on 16 October 2026 that it has revoked the regulatory bans on Colin Bermingham, Philippe Moryoussef, Jonathan Mathew and Christian Bittar and removed their Final Notices, after the Court of Appeal overturned the convictions on which the bans were based, and that it will take no further action against them.
- Bans revoked
- Colin Bermingham, Philippe Moryoussef, Jonathan Mathew, Christian Bittar
- Regulator
- Financial Conduct Authority
- Statement date
- 16 October 2026
- Related prior decision
- Tom Hayes proceedings discontinued and Carlo Palombo's ban revoked last year, per the FCA
The Financial Conduct Authority said in a statement published on its website on 16 October 2026 that it has revoked the bans of Colin Bermingham, Philippe Moryoussef, Jonathan Mathew and Christian Bittar and removed the associated Final Notices from its channels, after reviewing its regulatory action against individuals whose convictions have recently been overturned by the Court of Appeal.
In the statement, the FCA said these convictions formed the basis on which it took its original action, and that it will take no further action against the four individuals in relation to this matter.
The FCA said the decision follows its move last year to discontinue proceedings against Tom Hayes and revoke Carlo Palombo's ban, after the Supreme Court quashed their criminal convictions.
The statement does not give the date of the Court of Appeal rulings that overturned the convictions of Bermingham, Moryoussef, Mathew and Bittar, nor does it detail the original Final Notices or the dates on which the bans were first imposed.
Primary sources
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