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




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Gina Miller on her role as “superwoman”:

“I have always been a troublemaker. I always saw myself as Superwoman, someone who could save the world.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Mili-Binned: As it Happened Mili-Binned: As it Happened
Legs-It Is Not Bigotry, It’s Popular Journalism Legs-It Is Not Bigotry, It’s Popular Journalism
Paul Mason Loses IPSO Complaint Against The Sun Paul Mason Loses IPSO Complaint Against The Sun
Amber Rudd & Fleet Street Don’t Understand Encryption Amber Rudd & Fleet Street Don’t Understand Encryption
Sunday Shows Sunday Shows
Watch: Brillo’s Message to Terrorists Watch: Brillo’s Message to Terrorists
Channel 4 and Guardian Sanctimony Backfires Channel 4 and Guardian Sanctimony Backfires
We’ve Named the Wrong Man: Channel 4 News in Shocking Blunder We’ve Named the Wrong Man: Channel 4 News in Shocking Blunder
PICTURED: Minister Tobias Ellwood Gives CPR PICTURED: Minister Tobias Ellwood Gives CPR
Westminster Attack – How it Happened Westminster Attack – How it Happened
Gallery Guido’s PMQs Sketch Gallery Guido’s PMQs Sketch
HS2 Gravy Train Rides Again HS2 Gravy Train Rides Again
Three of Five Gorton Candidates Back Iranian Government Three of Five Gorton Candidates Back Iranian Government
Get The Look: May in Vogue Get The Look: May in Vogue
Exclusive: Jon Lansman was at Unite HQ Just Two Weeks Ago Exclusive: Jon Lansman was at Unite HQ Just Two Weeks Ago
Leaked UKIP Memo: Candidates Must Leave Social Media Leaked UKIP Memo: Candidates Must Leave Social Media
Guido Investigation: Trojan Horse at the Heart of Birmingham Labour Party Guido Investigation: Trojan Horse at the Heart of Birmingham Labour Party
“St Patrick was an Immigrant” “St Patrick was an Immigrant”
Watch: McLoughlin vs McCaffrey Watch: McLoughlin vs McCaffrey