Abigail Hofman: Bob Diamond was lost in translation

Bob Diamond’s appearance before the Treasury Select Committee was culture clash TV. But the MPs failed to score on the most important issue: the swash-buckling, high octane, risk-taking culture that Diamond created at Barclays Capital led to, indirectly, the Libor scandal and more

On July 4 that once-great American import into the UK, Bob Diamond, the former chief executive of Barclays, appeared before the UK’s House of Commons Treasury Select Committee for three hours. For me, Diamond’s appearance raised more questions than it answered about events at the bank. However, one thing is now clear: a parliamentary committee is the wrong forum to get to the bottom of what occurred, who was hurt and what to do about the banks.

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