Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 9 August 2012.
Terms of Reference
1 Introduction
LIBOR and EURIBOR
FSA findings
Barclays' co-operation with regulators and early settlement
Policy responses
Committee inquiry
2 Manipulation by individuals with the intention of personal benefit
The misconduct
Collusion with traders at other banks
The failure of internal controls
3 Manipulation during the financial crisis
Background
Media and academic concern about LIBOR setting
The role of the authorities
Concerns about LIBOR
The Sterling Money Markets Liaison Group
The US authorities
The British Bankers Association review
Barclays' contact with the regulators
The role of the Barclays board
Conclusions on LIBOR submissions during the financial crisis
4 The Tucker-Diamond dialogue and the Diamond File Note
The conclusion of the regulatory investigations
Who was the senior Bank of England official?
Box A: The Diamond File note
The backdrop to the 29th October 2008 Diamond-Tucker discussion
Who were the senior figures in Whitehall and did they instruct?
The Whitehall-Tucker discussions
Barclays and the perceived instruction
The Diamond-Tucker discussion
The role of Jerry del Missier
Passing on the perceived instruction
5 Barclays and the FSA
Introduction
Appointment of Bob Diamond as Barclays chief executive
Conclusions on Mr Diamond's appointment
Mr Diamond's evidence on the FSA letter of February 2012 and subsequent communications between Lord Turner and Marcus Agius
Barclays board meeting, 9 February 2012
Lord Turner's subsequent meeting with, and letter to, Marcus Agius
Assessment of Bob Diamond's evidence to the Committee
Conclusion on Bob Diamond's evidence
Relations between Barclays and the FSA
The February board meeting
Exchanges with Lord Turner
A new approach by the FSA?
View of the Bank of England
FSA governance review
Appointment of Jerry del Missier as Chief Operating Officer
Conclusions on FSA relationship with Barclays
6 The resignations
Barclays' initial reaction to the Final Notice
Resignation of Mr Agius
The resignation of Mr Diamond
The role of shareholders
Non-executive directors
Conclusions on resignations
7 Enforcement
The penalty levied by the FSA
Criminal enforcement
Legal lacunae
Power to prosecute
The FSA and the Serious Fraud Office
Conclusions and recommendations
Appendix: exchange of letters between Lord Turner, Chairman of the FSA, and Marcus Agius, Chairman of Barclays, 2012
Letter from Lord Turner to Marcus Agius, 10 April 2012
Letter from Marcus Agius to Lord Turner, 18 April 2012
Formal Minutes
Witnesses
List of Reports from the Committee during the current Parliament
Oral Evidence - HC 481-II
Wednesday 4 July 2012: Bob Diamond, former Chief Executive, Barclays PLC
Monday 9 July 2012: Paul Tucker, Deputy Governor, Bank of England
Tuesday 10 July 2012: Marcus Agius, Chairman, Barclays PLC
Monday 16 July 2012: Jerry del Missier, former Chief Operating Officer, Barclays PLC; Lord Turner, Executive Chairman, Andrew Bailey, Head of the Prudential Business Unit, Tracey McDermott, Acting Director of Enforcement and Financial Crime, Financial Services Authority
