SFO charges former UBS trader Tom Hayes with conspiracy to defraud in Libor manipulation investigation UBS' fine included a £160m payment to Britain's financial regulator, the largest ever levied by the British watchdog, $1.2bn paid to US authorities and a 59m Swiss franc 'disgorgement of profits' order from the Swiss. At the time, UBS said in a statement that certain personnel had "engaged in efforts to manipulate submissions for certain benchmark rates to benefit trading positions." "Certain employees at the bank colluded with employees at other banks and cash brokers to influence certain benchmark rates to benefit their trading positions," UBS said. The bank said that this conduct related to seven benchmark interest rates.