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

President Trump says…

“I love the First Amendment… after all who uses it more than me?”

Sponsors

Guidogram: Sign up

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

Facebook

Electoral Commission Investigating Everybody Electoral Commission Investigating Everybody
Watch: McDonnell Blames Blair and Mandelson for Copeland Watch: McDonnell Blames Blair and Mandelson for Copeland
Watch: Nuttall Can’t Find Getaway Car Watch: Nuttall Can’t Find Getaway Car
Watch: Hancock Can’t Name Tory Stoke Candidate Watch: Hancock Can’t Name Tory Stoke Candidate
Tories GAIN Copeland Tories GAIN Copeland
Labour HOLD Stoke Labour HOLD Stoke
Corbynista’s Midnight Twitter Meltdown Corbynista’s Midnight Twitter Meltdown
Guido’s Guide to By-Election Scenarios Guido’s Guide to By-Election Scenarios
Exc: Taxpayer’s 60k Per Month for Conflicted HS2 Boss Exc: Taxpayer’s 60k Per Month for Conflicted HS2 Boss
Click to Sign Guido’s #Piegate Pietition Click to Sign Guido’s #Piegate Pietition
Guido’s Guide to By-Election Day Guido’s Guide to By-Election Day
Milo 12 Things Milo 12 Things
Shami & Blunkett Campaigned for ISIS Suicide Bomber’s Release Shami & Blunkett Campaigned for ISIS Suicide Bomber’s Release
‘Sans Frontieres’ Controversy ‘Sans Frontieres’ Controversy
Taxi for Baroness D’Souza Taxi for Baroness D’Souza
Tories 18 Points Ahead Tories 18 Points Ahead
Sham-Pagne Socialist Sham-Pagne Socialist
Stop Trump Rally Led by Antisemites and Extremists Stop Trump Rally Led by Antisemites and Extremists
Spreadsheet: Biz Rate Changes In Full Spreadsheet: Biz Rate Changes In Full