King & Wood Mallesons SJ Berwin has been advising The Royal Bank of Scotland on the European Commission's investigation into potential collusion within the Yen and Euro interest rate based derivatives market and took the lead for the bank on its €391m (£325m) settlement.

As a result of its cooperation, RBS has received substantial reduction in fines under the Commission’s leniency programme.

The team was led by European, Competition and Regulatory partner Tom Usher, with support from associates Emma Radcliffe, Fiona Beattie, Lisa Kaltenbrunner and Tonia Gilbert.