NY Fed releases documents relating to Barclays and Libor

The Federal Reserve Bank of New York has released documents that outline efforts in 2008 to highlight problems with Barclays and Libor and press for reform.

They reveal that senior officials at were aware in April of that year of Libor under-reporting at banks.

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BoE warned about Libor in 2008

The Bank of England Governor Sir Mervyn King was warned about the concerns about the Libor interest rate by the US Federal Reserve in 2008, according to documents released. A parliamentary inquiry into the scandal has been launched.