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The Independent UK

National

Danny Halpin

Judicial system needs ‘shake-up’ after trader convictions, says Sir David Davis

David Davis Carlo Palombo Tom Hayes Jordan Pettitt

Sir David Davis MP described Tom Hayes’ and Carlo Palombo’s cases as a major scandal (Jordan Pettitt/PA) - (PA Wire)

Conservative MP Sir David Davis has said the judicial system “needs a shake-up” after describing the convictions of two former financial market traders as a “major scandal”.

Tom Hayes and Carlo Palombo were found guilty over benchmark interest rate rigging in 2015 and 2019 respectively, but had their convictions quashed at the Supreme Court on Wednesday.

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