Sir Mervyn King has defended his discussion with Barclays about the then boss Bob Diamond.
He said that he did not "fire anyone," but that he simply re-stated the regulators concerns.
I said to them that I really wanted them to understand how concerned the regulators were.
Sometimes you can hear the message from the regulators and not really engage in it.
Sometimes it can be helpful to have a third party say 'Do you really understand how worried they are?' and I think they found that helpful.
I heard the concerns the regulators had and I wanted to impress upon the non-executive board of Barclays the regulators had real concerns.
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