by The Compliance Exchange on September 19, 2012
The UK’s financial regulator has said it warned Barclays two years ago that Bob Diamond could prove unsuitable to become chief executive of the bank.
Newly-published letters reveal that the Financial Services Authority felt its Libor rate-rigging investigation could affect the appointment.
The FSA said it could not prejudge the appointment, but reserved the right to “reassess his suitability”.
Mr Diamond resigned in July over claims Barclays’ traders tried to rig Libor.
Read the full story at the BBC.
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