BrainKing - Discussion boards (Politics)

Moderator: Vikings

Politics

Forum for discussing local and world politics and issues. All views are welcomed. Let your opinions be heard on current news and politics.

All standard guidelines apply to this board, No Flaming, No Taunting, No Foul Language,No sexual innuendos,etc..

As politics can be a volatile subject, please consider how you would feel if your comment were directed toward yourself.

Any post deemed to be in violation of guidelines will be deleted or edited without warning or notification. Any continued misbehavior will result in a ban or hidden status, so please play nice!!!

*"Moderators are here for a reason. If a moderator (or Global Moderator or Fencer) requests that a discussion on a certain subject to cease - for whatever reason - please respect these wishes. Failure to do so may result in being hidden, or banned."

List of discussion boards

Mode: Everyone can post

Show oldest messages first

2. July 2012, 22:29:29

Mort

show this user posts | link

Subject: We can trust the private sector....

Prime Minister David Cameron has announced a full parliamentary inquiry of the banking sector following the Barclays rate-rigging furore.

He told the House of Commons the manipulation of the Libor interest rates had been a "scandal".

The review will run alongside a narrower inquiry specifically into the Libor market, also announced on Monday. The comments follow news the Serious Fraud Office is considering whether to bring criminal charges.

In addition, Barclays will conduct its own "root and branch review" after receiving a fine of £290m ($450m) over the Libor affair.

Mr Cameron said the full parliamentary committee of inquiry would be headed by the chairman of the Treasury Committee, Andrew Tyrie. "This committee will be able to take evidence under oath, it will have full access to papers and officials and ministers including ministers and special advisers from the last government," he said.