Barclays Executive Harrison Denies Knowledge of Libor Fixing
- Five former traders on trial for conspiring to rig benchmark
- Harrison oversaw dollar trading for several years at bank
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A senior Barclays Plc executive said he never saw or heard of any attempts to manipulate Libor at the British bank or any other firm when he was head of U.S. rates trading.
Harry Harrison, now head of non-core assets at Barclays, told a London court Tuesday that any requests to change the benchmark rate would have been "very inappropriate" and he wasn’t aware of any attempts. He was responsible for dollar rates for a number of years starting in 2003.