Barclays strategist offers insight as ruling on Libor nears

Tim Bond, a strategist at Barclays Capital, has offered some insider insight into the situation with the Libor, concluding that "the rates the banks were posting to the (British Bankers' Association) became a little bit divorced from reality". Bond's comments come as the BBA's review of the Libor is set to be ruled on by the Foreign Exchange and Money Markets Committee.

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