Problem: Diamond should have been terminated from his position at Barclays because of his actions in the LIBOR scandal. During a testimonial given in 2012, the message conveyed was ensure "that senior management of Barclays was overseeing the day-to-day money market operations, treasury operations, and funding operations of Barclays so that Barclays' money desk did not inadvertently send distress signals," (Rose & Sesia, 2014). In addition to Diamond openly tampering with benefits of company traders, he blamed others who may not have been involved with the case. The article states that, "In a letter on June 28, 2012, to the chair of the Treasury Select Committee, Diamond acknowledged that the rate manipulation for the benefit of the derivative traders was 'wholly inappropriate,' although he blamed it on a handful of individuals," (2014). Since Diamond never formally took responsibility for his actions within his letter, he should have been reprimanded for the actions in question which would have included termination from his position.