Former Barclays CEO Bob Diamond has hit back at British lawmakers who suggested he misled them over concerns voiced by the country's financial regulators.
CNN can also reveal that
those very same regulators will now be called to testify next week
alongside a key Barclays executive, who Diamond said had mistakenly told
traders to lower their submissions to the London Interbank Offered Rate
-- or Libor.
Adair Turner, chairman of
the Financial Services Authority watchdog, will be called to the
Treasury Select Committee on Monday with the head of the FSA's bank
supervisory body Andrew Bailey, the man famous for warning Barclays of
failings in its culture.
Turner and Bailey will appear after panel members take a pre-arranged briefing from the Bank of England Governor Mervyn King.
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