Tucker looking for meeting with MPs

Thursday 5 July 2012

Bank of England deputy governor Paul Tucker has requested to appear before MPs "as soon as possible" to clear up his role in the rate-fixing scandal.

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Ahead of his own meeting with the Treasury Select Committee yesterday, former Barclays chief executive Bob Diamond released a record of a telephone call with Mr Tucker discussing the key interest rate at the centre of the unfolding affair.

The note sent by Mr Diamond, who resigned with immediate effect on Tuesday, to the then-chief executive John Varley and his right-hand man Jerry del Missier ultimately led to Barclays staff pushing down the inter-bank lending rate, known as the Libor.A statement from the Bank of England said: "Mr Tucker is keen to give evidence to the committee in order to clarify the position with regard to the events involving the Bank of England, including the telephone conversation with Bob Diamond on October 29, 2008."The Treasury Select Committee is expected to confirm whether Mr Tucker – who has been widely tipped as the next head of the Bank of England – or any other members of the Bank will be required to give evidence, following Mr Diamond's appearance.

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Tucker looking for meeting with MPs

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