LIBOR (FSA Investigation) Debate

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Department: HM Treasury

LIBOR (FSA Investigation)

Derek Twigg Excerpts
Thursday 28th June 2012

(12 years, 4 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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My hon. Friend makes a good point, which is that those responsible in government at the time have to apologise and account for their own role before they will be listened to when speaking about their plans for the future. At present they do not seem willing to do that.

Derek Twigg Portrait Derek Twigg (Halton) (Lab)
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I must check up on what Barclays says about customer care, following the debate today. In view of what the Chancellor told the House today, do he and the Governor of the Bank of England have full confidence in the senior management of Barclays?

George Osborne Portrait Mr Osborne
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What I have said is that the chief executive of Barclays has some very serious questions to answer about who knew what when, and who in the management knew that.