Before I left Westminster on Thursday, I submitted this written question to the Chancellor for answer on 2 July: Steve Baker (Wycombe): To ask Mr Chancellor of the Exchequer, if he will make an assessment of the need for a Competition Commission inquiry into the routine procedures for setting LIBOR. via the Order Book Combined [2 July 2012 (the ‘Questions Book’)]. With Sir Mervyn King calling for the key market price of LIBOR to be set by a market, there is […]

Tags: Bank of England, Central Banking, interventionism, LIBOR, Markets