FSA boss: Barclays had gaming culture

Press Association
Andrew Bailey
Andrew Bailey

A top banking regulator has told MPs that Barclays had a "culture of gaming" and its problems came from "the tone at the top" from former boss Bob Diamond.


Andrew Bailey, head of the Prudential Business Unit at the Financial Services Authority (FSA), added that Mr Diamond's account of his and the bank's relationship with regulators was "highly selective".