Sunday, July 1, 2012

FSA’s Barclays Report:
Staff Believed Bank of England Sanctioned LIBOR Scam

This is from page 36 of the FSA Notice on the Barclays LIBOR fixing scam:

Robert Peston has identified the senior individual at Barclays to be Bob Diamond and his interlocutor to be Paul Tucker, deputy governor of the Bank of England. If it turns out that, as Guido suspects, the Old Lady was encouraging Barclays to downplay its LIBOR funding costs to help maintain calm, we have a right old regulatory pickle. The Bank was in all likelihood encouraging Barclays to break the rules for the greater good of the City of London…

Hat-tip: Jim Pickard

Read Guido in the Daily Star Sunday

Has Liam Fox bounced Cameron into making Eurosceptic noises? Find out what he is going to say tomorrow in his big speech on Europe. We reveal how MPs plan to get revenge on political journalists and the unbelievable explanation as to why Prezza is hobbling around with a walking stick.

All in today’s Daily Star Sunday. Buy it!


Seen Elsewhere

Jason Groves New Mail Deputy Pol Ed | MediaGuido
Cocaine Conservatives | Standard
Jezza Browne Responds to LibDem Haters | LibDem Voice
Why Britain Needs to Leave the EU | Douglas Carswell
Who Tells Ed When He’s Wrong? | Speccie
Hands Off Our Cojones, Mr Clegg | Laura Perrins
London Live Averaging Just 2,400 Viewers | Forbes
Ed’s Constitutional Failure | ConHome
UKIP Poster Girl’s Naked Photos | Sun
Miliband’s Radical Old Labour Agenda | Fraser Nelson
Meet Team Miliband | Dan Hodges


new-advert
Guido-hot-button (1) Guido-hot-button (1)


Dan Hodges on Team Miliband:

“‘Poisonous’, was the picture painted by one former senior advisor. ‘Dysfunctional,’ said one shadow cabinet member. ‘A bunch of medieval courtiers, not an office,’ said another. The most positive description I could get was ‘It’s a work in progress. They’re learning. Slowly. But they are learning.’”



Nick Clegg says:

Do you want lies with that?


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS


AddThis Feed Button
Archive


Labels
Guido Reads