This Week: A Quickening Drumbeat for Prosecutions of Bankers
July 16, 2012 • 8:46AM

The expanding, now-public rigging of the LIBOR is the stage for this week's public appearances of some of the major perpetrators of the LIBOR crime. Tim Geithner is missing in the lineup... so far:

Monday, July 16

* 11 a.m. News Briefing by Senate Permanent Investigations Subcommittee Chairman Carl Levin (D-MI) on its Tuesday hearing on "U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History."

* Jerry del Missier, COO of Barclays, will be questioned by British parliamentarians.

* Lord Adair Turner, Chairman of the British Financial Services Authority (FSA), appears before the Treasury Select Committee of Parliament.

* Citibank, one of the 12 banks which set the LIBOR, releases its 2nd Q earnings report.

Tuesday, July 17

* 9:30 Senate Permanent Investigations Subcomittee hearing: "U.S. Vulnerabilities to Money Laundering, Drugs and Terrorist Financing: HSBC Case History," chaired by Sen. Carl Levin (D-MI). Focus on money-laundering and terrorist financing vulnerabilities created when a global bank uses its U.S. affiliate to provide access to the U.S. financial system to high-risk affiliates, high-risk correspondent banks, and high-risk clients, using HSBC as a case study.

Witnesses: David Cohen, Undersecretary of the Treasury for Terrorism and Financial Intelligence; Leigh Winchell, INS; David Bagley, head of Compliance Group, HSBC; Paul Thurston, HSBC, Hong Kong; Michael Gallagher, HSBC, NY; Irene Dorner, CEO HSBC USA; Stuart Levey, Chief Legal Officer, HSBC, London; Thomas Curry, Comptroller of the Currency, with two associates.

* Federal Reserve Head Ben Bernanke before Senate Banking Committee, Semi-Annual Monetary Policy Report to Congress.

* Mervyn King, Chair, Bank of England, appears before Treasury Select Committee of Parliament.

* Meeting to Implement Barclays' request to be taken off EIBOR-setting bank group (interbank lending rate of the UAE)

* Congressional Research Service "Tutorial" to Members of House Financial Services Committee on LIBOR rate fixing, at the request of Rep. Maxine Waters (D-CA), who has unsuccessfully demanded a special hearing devoted to Liborgate, blocked by Chair Spencer Bachus (R-AL) and Barney Frank (D-MA).

* Senate Agriculture Committee: Oversight Hearing on Dodd-Frank, focussing on its impact over the last 2 years, with CFTC and SEC Investigators; Robert Pickel, International Swaps and Derivatives Assn.; Thomas Kelleher, CEO Better Markets; and Thomas Erickson, vice-president of Govt. Affairs, Bunge North America.

Wednesday, July 18

* Ben Bernanke Semi-Annual Report on Monetary Policy to House Financial Services Committee

* Bank of America, one of 12 LIBOR-setting banks, releases 2nd Q earnings report