The former chief executive of Barclays has described the behaviour of traders involved in Libor rate fixing as "appalling" and "reprehensible", but said they were a group of 14 out of a team of "a couple of thousand" traders at the bank.
Bob Diamond was giving evidence to the Treasury Committee on 4 July 2012.
Last week, regulators in the United States and UK fined Barclays £290m ($450m) for attempting to rig Libor and Euribor, the interest rates at which banks lend to each other, which underpin trillions of pounds worth of financial transactions.
Mr Diamond said he "loved" Barclays and had resigned to protect its reputation. "I'm sorry, disappointed and angry," he said.
When asked what Mr Diamond thought the deputy governor of the Bank of England, Paul Tucker, meant when he contacted Barclays about Libor submissions at the height of the credit crunch in 2008, Mr Diamond said there was confusion within Barclays.
Mr Diamond reiterated that he did not view his conversation with Mr Tucker as an instruction to change rates submissions.
Under questioning from Labour MP John Mann, Mr Diamond refused to say if he would forfeit his shares and said this would be an issue for "discussion with the board".
He also said this Libor fixing was an industry-wide issue, not just at Barclays, and that people needed to "wait and see what ramifications of industry-wide investigation is".