Bank of England denies having evidence of forex rigging
A member of the Bank of England's Monetary Policy Committee (MPC) has denied claims that Bank officials had evidence of foreign exchange rate rigging eight years ago.
The Treasury Committee have been asking questions after minutes from meetings in 2006 noted that a senior member of the Bank's staff was told of "attempts to move the market".
However Paul Fisher from the MPC said the minutes showed "traders whinging" about the legal actions of third parties such as hedge funds but not evidence of illegal fixing.
11 Mar 2014
- From the section Business