Well today Chuka said this
Labour legislated to outlaw market manipulation under FSMA 2000. We also overhauled the anti fraud regime with the Fraud Act 2006 etc
— Chuka Umunna (@ChukaUmunna) December 19, 2012
Except that is not true Chuka , as Lord Turner said :
" "The situation on the law is that we have looked very carefully at what types of cases we are able to bring, and in this particular case of Libor, because it is not a qualifying instrument under the Act, it is not covered by the criminal law,"
Maybe the reason Labour want all these inquiries is to understand what their actions in Government done!