The law firm Kirby McInerney in a statement identified the whistleblower as its client, who “provided extensive information, documents, and trading information in 2012” that triggered investigations by the CFTC as well as a US and foreign regulator on the “manipulation of crucial financial benchmarks used by global banks”. “Manipulation of financial benchmarks enriches manipulators at the expense of market participants,” said David Kovel, managing partner at Kirby McInerney. The $200m payout is the largest under the whistleblower programme established by the Dodd-Frank Act

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