The former CEO of the U.K. lender gave his testimony under questioning today from British MPs, who were trying get to the bottom of how and why traders at Barclays had manipulated Libor, akey lending rate between banks that underpins a multi-trillion dollar market for financial products, from late 2008 onwards.
In addition to its use as a single instrument, the telescope is akey element of the UK's Multi-Element Radio-Linked Interferometer Network (Merlin) high-resolution radio-imaging array.