UK Lawmakers To Take Evidence From Ex-Barclays Executive, FSA
July 11 2012 - 6:26AM
Dow Jones News
LONDON--U.K. lawmakers investigating an interest rate-fixing
scandal will July 16 take evidence from senior officials at the
Financial Services Authority and a former Barclays PLC (BARC.LN)
executive, the Treasury Select Committee said in a statement.
FSA Chairman Adair Turner; Andrew Bailey, head of the
regulator's prudential business unit; and Tracey McDermott, acting
director of enforcement, will be questioned on issues relating to
the settlement by Barclays of roughly $450 million for claims it
rigged the London interbank Offered Rate, or Libor, a key interest
rate used as a benchmark for other loans.
Jerry del Missier, who resigned as chief operating officer at
Barclays earlier this month alongside former Chief Executive
Officer Bob Diamond will also give evidence, the committee
said.
Write to Jason Douglas at jason.douglas@dowjones.com
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