The Criminal Cases Review Commission (CCRC) said on Thursday that it had referred the ex-City traders’ convictions back to the court of appeal. Nine bankers accused of rigging the rates were given fraud convictions, including Hayes. But Hayes had his name cleared in July 2025 after the supreme court found faults in the original trial. They argued that their cases had the same errors as the supreme court found with Palombo. Cases that are referred by the CCRC then go to the court of appeal to decide whether the conviction is unsafe.