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Those found guilty of interest rates manipulation should be fired on the spot – Williams

June 28, 2012 12:46 PM
Originally published by East Midlands Liberal Democrats

Stephen WilliamsCommenting on the Financial Service Authority's findings that Barclays manipulated Libor rates, Co-Chair of the Liberal Democrat Parliamentary Party Treasury Committee, Stephen Williams said:

"Barclays has challenged the fundamentals of the British banking system. This is yet another symptom of the broken and poisonous banking system which Labour allowed to flourish.

"A full investigation is needed to establish who knew and sanctioned this manipulation, with those found guilty fired on the spot. We need to restore public and market confidence in our banking system."