Paul Tucker, Deputy Governor of the Bank of England, gave evidence to the Treasury Select Committee on Monday 9 July.
Bob Diamond, who resigned last week as Chief Executive of Barclays, released to the Treasury Select Committee last week a file note of a 29 October 2008 conversation with Mr. Tucker regarding LIBOR.
David Ruffley MP questioned Mr. Tucker on his reaction to Mr. Diamond's message that other banks' LIBOR submissions were not based on real transactions, and may hence have been inaccurate.
The transcript of the exchange is below.