Bloomberg News

Barclays’s Del Missier: Money Market Desk Informed Compliance

July 16, 2012

Barclays Plc (BARC)’s former Chief Operating Officer Jerry del Missier said the money mark desk did inform the bank’s compliance department after he asked for them to lower their Libor fixings.

The money market desk “informed compliance of the request,” Del Missier told British lawmakers in the House of Commons Treasury Select Committee today. “There was no closing of the loop.”

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Jon Menon at jmenon1@bloomberg.net


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