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Buyside puts clawback pressure on Barclays

The National Association of Pension Funds says UK bank should 'use its clawback rules to penalise those involved' in Libor scandal

Barclays is facing pressure to claw back the bonuses of the traders who tried to manipulate the London interbank offered rate.

David Paterson, head of corporate governance at the National Association of Pension Funds, questioned the risk controls at the UK bank and said that "Barclays should use its clawback rules to penalise those involved by recovering bonuses and pay."

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