Lionel Barber:
10 January
The editor of the Financial Times told the Inquiry that his paper's code of conduct was "a model for self-regulation," and claimed that it was stricter than the current system set out by the PCC.
Barber described the relationship of the FT with its readers as one of trust and that employees who devalued the reputation of the paper faced dismissal.
He also said the closure of the News of the World had served as a "wake-up call" to the industry and urged for the introduction of a "new body of independent regulation which is robust, credible and worthy of joining".
The new independent press regulator should have powers to impose fines, require corrections to be published prominently and launch investigations, according to Barber.