Diamond aide to appear before MPs

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The former right-hand man to Bob Diamond who told staff at Barclays to lower their interest rate submissions following a misunderstanding with the Bank of England will give evidence to MPs next week. Canadian Jerry del Missier, who resigned as Barclays chief operating officer after Mr Diamond quit as chief executive, will appear before the Treasury Select Committee on Monday afternoon to answer questions on the Libor-fixing scandal.

The chairman of the Financial Services Authority (FSA) Lord Adair Turner will appear on the same day.

Mr del Missier was dragged into the affair when it emerged he had misinterpreted a conversation between Mr Diamond and Bank of England deputy governor Paul Tucker as an instruction to lower Libor submissions amid fears over Barclays’ financial health.

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