City grandee slams MPs for Diamond 'character assassination'

clock

A former director of Barclays has accused the Commons Treasury committee of launching a "completely unacceptable" character assassination of the bank's former chief executive Bob Diamond.

The Treasury committee's 126 page report, released on Saturday, said Diamond had misled parliament in his testimony about the LIBOR rigging scandal. It said Diamond's evidence was "at times highly selective" and "fell well short of the standard that parliament expects". Sir Nigel Rudd, who sat on Barclays board for 13 years, said the committee had not provided sufficient evidence to support the claim, the Sunday Times reports. Rudd told the Sunday Times: “I have never had any doubts about Bob Diamond’s integrity. In my time on the Barclays board I never felt he kept anything from ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Two convicted over role in £1.5m fake crypto investment fraud

Two convicted over role in £1.5m fake crypto investment fraud

Retrial set for a third individual

Jen Frost
clock 08 November 2024 • 2 min read
FCA urged to add ethical funds SDR label

FCA urged to add ethical funds SDR label

'We will carry on lobbying to try and change the rules'

Cristian Angeloni
clock 07 October 2024 • 1 min read
FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read