06.07.2012
By Simon Miller
The Treasury Select Committee will take evidence from the deputy governor of the Bank of England (BoE) Paul Tucker and Barclays' chairman Marcus Agius next week.
Both will be questioned on issues relating to the penalties levied against Barclays by authorities in the UK and the US following an investigation into the submission of various interbank offered rates.
Tucker will attend the committee on Monday 9 July at 16.30 BST while Agius will appear at 10.00 BST on Tuesday 10 July.
Tucker was named in a memo from former Barclays chief executive Bob Diamond which suggested that the BoE may have called for it to lower its Libor rate submissions.
As part of a submission prior to his appearance at the Treasury Select Committee, an email from Diamond explained that Tucker had been asked by "senior" Whitehall officials as to why Barclays' rates appeared higher than other banks in 2008. Diamond said that after explaining why, Tucker suggested that did not always have to be the case.
Both sessions will be held in the Wilson Room, Portcullis House.
Further evidence sessions, which have not yet been confirmed, will be announced in due course.
Other stories you may find of interest:
A very British Complex
Greater complexity leads to greater risks for banks according to Professor Simon Collinson, Warwick Business School and the Simplicity Partnership
Fencing off the risk?
The Independent Commission on banking has set the cat among the pigeons with the recommendation to ring-fence retail operations. Simon Miller looks at how this came about and what unintended consequences could arise
Impacting on investment
With emerging markets looking for investment, Simon Miller looks at the rise of impact investment and what risks entails in this socially aware vehicle
