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'Surprise' that King heard of Libor allegations so late

Sir Mervyn King, the Governor of the Bank of England, has given evidence about his role in the Libor scandal to the Commons Treasury Select Committee. He told the committee that the first evidence he had of any wrongdoing came just a fortnight ago.

The Conservative MP David Ruffley, one of the committee's members, told The World At One that it was "a surprise" that Sir Mervyn heard of about the alleged rate-fixing so recently.

  • 17 Jul 2012
  • From the section UK