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    #33, if the Treasury/BoE turn out to be implicated I would be surprised. I can understand the Old Lady raising eyebrows at high Libor quotes but any admonishment ought to have meant 'put your house in order so as to repair your creditworthiness' rather than 'falsify your Libor submissions'. The latter would be like a policeman advising you to hold your finger on your speedometer to keep it reading 30, while you speed down the Folkestone Road at 60.

    Over the years I have had many dealings with the Bank of England (admittedly not since they lost the regulatory functions) and in those years they would have come down like a ton of bricks on such a suggestion.

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