Statement on FSA investigation and Barclays Bank

03 July 2012

Chancellor of the Exchequer, George Osborne, made a statement in the House of Commons on Monday 2 July on the Financial Services Authority’s investigation into Barclays and the attempted manipulation of the LIBOR market.

The statement follows the Chancellor's earlier statement in the House of Commons on Barclays Bank and LIBOR on 28 June 2012.

Shadow Chancellor of the Exchequer, Ed Balls, 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.

Treasury Committee evidence session 

The House of Commons Treasury Select Committee will hear evidence from the former Chief Executive of Barclays, Bob Diamond on Wednesday 4 July at 2.00pm about the penalties levied against Barclays by authorities in the UK and the US following an investigation into the submission of various interbank offered rates.

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: Parliamentary copyright

More news on: Parliament, government and politics, Parliament, Economy and finance, Financial services, Commons news

Share this page