BoE’s Tucker denies involvement in Libor scandal

Paul Tucker, the deputy governor for financial stability at the Bank of England (BoE), denied having any part in the Libor rate-setting scandal he was drawn into last week. Tucker made the rebuttal today (July 9) as he appeared before the UK parliament's Treasury Select Committee.

Tucker also defended government officials by saying no-one had asked him to "lean on" any bank – including Barclays – to alter the Libor submissions in order to bring the overall rate down.

The deputy governor repeated