Bank of England Governor Sir Mervyn King faces MPs on UK economy: live – Daily Telegraph

“The BBA had to be nudged in May 2008 to get in the right direction [on Libor] but then they did a good job. The BBA couldn’t be held responsible that Libor was one basis point too high or too low. 10.57 King: “I think there are similarities with betting in cricket, because nobody saw it. It wasn’t …