The Treasury Committee has published the conclusions from its interviews in early July with senior figures at Barclays, the Financial Services Authority (FSA) and the Bank of England (BoE) in relation to LIBOR. It has also made available the written and oral evidence gathered during the inquiry. The Treasury Committee discusses the compliance and culture failings at Barclays, FSA’s delay in looking into them and the appropriateness of having a trade association (the British Bankers’ Association) as supervisor of LIBOR setting. It also stresses this is not an isolated incident as more banks are under investigation. It pays particular attention to the role of BoE. To avoid future misunderstandings, as reported in the press, the Treasury Committee recommends that BoE should undertake a review of its note-keeping systems. It should also report publicly its conclusions on conversations held with senior industry executives. The report also criticises the approach taken by FSA and BoE to the resignations of key Barclays figures. It calls for a much stronger governance framework for BoE, which it says is currently missing from the Financial Services Bill, to prevent the abusive removal of bank executives. (Source:Fixing LIBOR: Some Preliminary Findings)