Mr MacAskill said it was essential the European Convention of Human Rights compatibility of Scots Law was maintained as well as retaining the ability for effective balanced police investigation.

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"Her handling of this case, and a number of other cases, are rapidly driving the members we represent to a position of erosion of confidence in the Office of the Ombudsman and her ability to carry out her investigation in a proportionate and professional manner, " the spokesman added.

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"Following a thorough investigation in which the OFT assessed the parties' ability and incentive to engage in foreclosure, the OFT concluded that there is no realistic prospect of competition concerns arising, " a statement by the OFT said.

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"The bond-market investigation is not likely to have a negative impact on companies' ability to raise funds in the short term, but some high-risk borrowers, such as local-government financing vehicles, could see their borrowing costs go up, " said Zhu Chaoping, head of research at ChinaScope Financial, a Hong Kong research and data firm.

WSJ: China Probe Focuses on Trading of Bonds

Secondly, I'm just going to say that I'm happy -- I know there will be many questions and I'm happy to try to the best of my ability and the knowledge that we have right now to answer those questions, understanding that this is an investigation right now being conducted by the Department of Defense and the Federal Bureau of Investigation.

WHITEHOUSE: Press Briefing