The United States' Senate Banking Committee Chairman Tim Johnson has expressed his concerns over the manipulation of Libor rates, following the Barclays bank rate-rigging scandal.
I am concerned by the growing allegations of potential widespread manipulation of Libor and similar interbank rates by some financial firms.
At my direction, the Committee staff has begun to schedule bipartisan briefings with relevant parties to learn more about these allegations and related enforcement actions.
It is important that we understand how any manipulation may impact American consumers and the U.S. financial system.
Bob Diamond tonight angrily rejected suggestions that he misled MPs over regulators' concerns about activities at Barclays.
The Bank of England's Paul Tucker told MPs he refuted claims that he attempted to influence Barclays into manipulating the Libor rate.
MPs will be hoping the Deputy Governor of the Bank of England will shed some light on unanswered questions about rate-fixing at Barclays.