BBC claims ‘secret recording’ implicates BoE in Libor scandal
Phone conversation transcript suggests government and Bank of England put pressure on Barclays to lower its Libor submission
The BBC claims it has obtained a “secret recording” that “implicates” the Bank of England in the Libor rigging scandal.
The UK’s public broadcaster said today (April 10) its Panorama programme had obtained the recording, in which a senior Barclays manager, Mark Dearlove, instructs one of the bank’s Libor submitters, Peter Johnson, to lower the rates he submits.
“The bottom line is you’re going to absolutely hate this… but we’ve had some very serious pressure from the UK government and the Bank
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