Geithner emails to King bring BBA into focus over Libor

EU-US data transfer rules declared invalid

The Bank of England today (July 13) released a string of emails that drew the role of the British Bankers' Association (BBA) into focus as the Libor rate-setting scandal rumbles on.

In June 2008, Timothy Geithner, currently US secretary of the Treasury but at the time president of the Federal Reserve Bank of New York, wrote to Mervyn King, governor of the Bank of England (BoE), to express his concerns over the Libor regime in the UK.

Recalling a discussion between the two in Basel, the home of t

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