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Paul Tucker demands Treasury Select Committee hearing

Bank of England deputy governor Paul Tucker has requested a hearing to clarify his role in the Barclays Libor fixing scandal.

By Marc Shoffman | Published Jul 04, 2012 | comments

A statement from the Bank of England revealed Mr Tucker was “keen to give evidence” on events involving the Bank and his conversations with former Barclays chief executive Bob Diamond.

The statement said: “Mr Tucker has made a request to attend a hearing with the Treasury Select Committee as soon as possible following the publication of settlement agreements by Barclays with the FSA, the US Commodity Futures Trading Commission and The United States Department of Justice in relation to the attempted manipulation of Libor and Euribor.

“Mr Tucker is keen to give evidence to the Committee in order to clarify the position with regard to the events involving the Bank of England, including the telephone conversation with Bob Diamond on 29 October 2008.”

It follows revelations of a memo of a conversation between Mr Diamond and the Bank that claimed Mr Tucker knew that Barclays was fixing its Libor submissions.

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