LIBOR (FSA Investigation) Debate

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Department: HM Treasury

LIBOR (FSA Investigation)

George Mudie Excerpts
Monday 2nd July 2012

(11 years, 10 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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The FSA’s report is very clear about the interaction between the Bank of England and Barclays. Paragraph 176 says:

“No instruction for Barclays to lower its LIBOR submissions was given”

during the telephone conversation that caused the press interest.

George Mudie Portrait Mr George Mudie (Leeds East) (Lab)
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Will the Chancellor confirm that there will be no Government majority on the Joint Committee?

George Osborne Portrait Mr Osborne
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The Committee will be set up in the normal way.