- Timing of Agius resignation placed Barclay’s in a tough position
- It was odd that he learned of Agius’s resignation via the BBC
- Spoke to the BOE’s legal advisor before meeting with Barclays, but not with deputy governors
- Though that talking to Barclays would be “helpful”
- BOE had several meetings with BBA on LIBOR improvement through summer of 2008
- BBA’s May 30 LIBOR report was inadequate
Bloomberg/Reuters reporting