Libor list exposes top Barclays executives
25 January 2013
A ''shortlist'' of 25 names revealed by regulators investigating Barclays' manipulation of Libor includes senior Barclays executives investment banking chief Rich Ricci and finance director Chris Lucas.
The names were revealed yesterday along with emails which seemed to suggest that some of most senior managers were aware of the rigging.
A message, sent to an employee who was responsible for submitting dollar-Libor rates and raised concern over the rate-setting process, said: ''Guidance, if you can call it that, from the 31st floor is that we don't stick our head above the parapet in any circumstance.''
The 31st floor refers to the floor of Barclays' Canary Wharf HQ, which houses many of offices of the company's group managers. The Telegraph quoted sources close to the company as saying in the message, sent by Miles Story, a manager in the bank's treasury department, it was making a ''generic reference to senior management'' rather than board members.
The details were made public after rejection of an attempt by more than 100 current and former Barclays staff, including all but one on the shortlist, seeking anonymity and came ahead of the UK's first trial related to the rigging of the benchmark interest rate.
Among those in the shortlist are former chief executive Bob Diamond and former chief operating officer Jerry del Missier, both of whom resigned in the wake of the Libor scandal.