In a letter to the Mayor's Office for Policing and Crime (Mopac), the monitoring officer for the Greater London Authority, Ed Williams, said the female staff member said she considered "the core elements" of what had been reported in the media to be "true" and "there was contact".

BBC: Stephen Greenhalgh

On Dexia, it was only on July 15 that the European Banking Authority disclosed that this retail and public-sector finance bank would have a ratio of core Tier One capital to assets of 10.4%, even after incurring notional losses from harsh simulated financial and economic conditions.

BBC: Can we afford to heap bank losses on creditors?