Statement on Barclays Bank and LIBOR

29 June 2012

Chancellor of the Exchequer, George Osborne, made a statement in the House of Commons on 28 June on the Financial Services Authority investigation into LIBOR.

Financial Services Authority investigation

The Financial Services Authority investigation was into the manipulation of the setting of the LIBOR (London Interbank Offered Rate) and EURIBOR (Euro interbank offered rate) interest rates. Further information can be found on the Financial Services Authority website.

Shadow Chief Secretary to the Treasury, Rachel Reeves, responded to the statement on behalf of the Opposition.

Watch and read the statement and the views expressed by MPs on Parliament TV and in Commons Hansard. Also find current parliamentary material on Financial services in the Topics and News sections.

Oral statements

Oral statements are made after Question Time (or at 11am on a Friday). Statements normally relate to matters of policy or government actions. At the end of a statement, MPs can respond or question the government minister on its contents.

Image: PA

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