The BOE - and possibly other authorities - declined a request from the British Bankers...

|By:, SA News Editor

The BOE - and possibly other authorities - declined a request from the British Bankers Association in 2008 to formally take part in supervising the setting of the Libor rate, the BBA said on Friday. This was despite - as a trove of emails show - the bank being aware of a "longstanding perception that Libor...is open to distortion."