FSA concerns on Bob Diamond promotion revealed

Notes from a September 2010 meeting between former FSA boss Hector Sants and Barclays chairman Marcus Agius show they discussed historical concerns regarding Barclays risk appetite and control framework. "At the time of the FSA's concerns BD [Bob Diamond] was managing the area within the group where concerns were foremost therefore it is important that in his new role as CEO he ensure the continued progress of initiatives the group has commenced," the notes read. They also show that the two discussed the ongoing LIBOR investigation, with Sants noting that the FSA's position on Diamond...