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New documents show United States treasury secretary Timothy Geithner pressed the Bank of England four years ago to make changes to the key interest rate Libor.
More than a dozen banks are under investigation over suspected rigging of the rate.
The London interbank rate, also known as Libor, influences interest rates globally, from mortgages to credit cards.
In 2008, Mr Geithner, as head of the New York Federal Reserve, sent a private email to the Bank of England governor Mervyn King and recommended six ways to enhance the credibility of the rate.
The email, which included a two-page memo, has been obtained by the Washington Post.
Mr Geithner recommended a number of steps on how to prevent banks from misreporting data that would artificially skew the Libor rate to their own benefit and establish a "credible reporting procedure".
"I shall be happy to discuss this further with you," Mr King said.
What the US Federal Reserve did after that is not clear.
US regulators were soon embroiled in the 2008 financial crisis following the collapse of investment bank Bear Stearns, which spread devastating turmoil through the financial sector and the economy.
US politicians plan to question Mr Geithner and Federal Reserve chairman Ben Bernanke later this month about the British bank-rigging scandal, which threatens to spill over from London to Washington.
Questions have been raised about when the Federal Reserve detected foul play and whether it did enough to stop it.
There are also questions as to whether the issue was put on the backburner because Wall Street was in the throes of the financial crisis.
The New York Federal Reserve has said that it "received occasional anecdotal reports from Barclays of problems with Libor" in late 2007, in the context of "thousands of calls and e-mails" from market participants.
In spring 2008, the Federal Reserve said it "made further inquiry of Barclays as to how Libor submissions were being conducted. We subsequently shared analysis and suggestions for reform of Libor with the relevant authorities in the UK".
Last month, Barclays was fined $453 million by British and US regulators for the attempted rigging of the Libor and its eurozone equivalent, Euribor.
ABC/AFP
Topics: banking, world-politics, international-financial-crisis, united-states, united-kingdom
British avalanche victims were raising money for hospice - Daily Telegraph
"We are devastated to hear of Steve's death and the deaths of John Barber and Roger Payne, as well as of the other victims. Our thoughts and prayers are with their families and friends today."
Mr Barber had a 10-year-old daughter, Francesca, while Mr Taylor, 48, had an eight-year-old daughter Louise and a 10-year-old daughter Emma.
Their children went to the village school, Poppleton Ousebank, and Mr Barber's parents are understood to have run the Post Office before moving to York.
Estelle O'Hara, head teacher, wrote to parents yesterday informing them of the accident. She offered her sympathies to Mr Barber's partner Donna Rodgers and Mr Taylor's wife Karine.
She said: "It is with great sadness that I write to inform you that two of the climbers killed in yesterday's avalanche in the French Alps were parents from Poppleton Ousebank – Steve Barber, father of Frankie in Year 5 and John Taylor, father of Emma in Year 5 and Louise in Year 3.
"Our thoughts and prayers go out to both Donna Rogers and Karine Taylor who have both lost their lifelong partners.
"Children have been informed and school staff have been supporting them throughout the day, providing a caring shoulder and answering any questions that children may have.
"We would ask that people respect the families' privacy at this sad time. We understand that the climb was to raise money for St Leonard's Hospice and so we will be collecting on their behalf."
Before he left for France, Mr Barber, 47, had raised £340 for the charity through his JustGiving website. The page was set up by his partner, who posted a photograph of him practising for the climb.
In messages left by donors, friends Mike and Helen Vest wrote: "Good Luck Steve, the Lake District will seem a bit tame after this! See you for a beer or three on your return."
Carole Harland wrote: "Take great care getting up there and getting back down – there must be a much easier way – good luck Steve."
Members of York Council paid tribute to the men. Leader of the council's Conservative group, councillor Ian Gillies, who represents Upper Poppleton, said: "Devastated doesn't cover it, really.
"I'm sure the people in the village and the wider community will provide the support the families need, not only now but for weeks to come."
Councillor James Alexander, Labour leader of City of York Council, added: "I am deeply saddened by the news that two Poppleton residents lost their lives in Thursday's avalanche in Chamonix, France.
"I would like to offer their families and friends my condolences and offer any support and assistance we can provide at this difficult time."
The men were believed to have been climbing with Roger Payne, former president of the Association of British Mountain Guides, who was also killed.
Mr Payne’s family paid tribute to a man who they said “died doing what he loved”.
His brother Keith, 66, told The Daily Telegraph that his brother would never have taken any risks on the mountain.
Speaking from the home of their 92 year-old mother, Nellie, in Hammersmith, west London, he said: “Roger … would never take any chances, he was true professional.
"All I know is there was an avalanche and it was not expected, a freak of nature. Our mother ... lives on her own.
"Every time there is an accident on a mountain she thinks of Roger – she is devastated.”
He added: “We will miss him greatly. He died doing what he loved doing. He will never be forgotten.”
Ed Douglas, a friend and fellow member of the British Mountaineering Council, wrote a moving tribute about Roger Payne, posted on the BMC's website.
FOREX-Euro subdued after Italy rating downgrade - Reuters
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