Vadera says she cannot recall speaking to anyone at the Bank about the rate but she did talk with bankers about a policy change (altering the price of the government's Credit Guarantee Scheme as I wrote yesterday) to get the LIBOR rate down overall.

BBC: Barclays Banks - A Whitehall whodunit

The rise in indirect lending, through the government's credit-guarantee programme, has been even more striking.

ECONOMIST: Will Japan never learn?

They reveal discussions about how the credit guarantee scheme - a government scheme created in 2008 to help get credit to small and medium-sized businesses - would "allow Libor to fall quicker" than it otherwise would.

BBC: Banking probe row turns political