BrainKing - Forum (Politics)

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Politics

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2. juli 2012, 22:29:29

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Onderwerp: 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.