Bank of England has no evidence it 'condoned' FX market manipulation

Andrew Bailey
Andrew Bailey

Bank of England deputy governor Andrew Bailey today revealed that the bank launched an investigation in October last year into allegations, which only reached the public domain last week, that the central bank condoned collusion between forex traders in order to manipulate daily exchange rate benchmarks.

Bailey, testifying before the UK parliament's Treasury Select Committee, said today the BoE "does not condone any form of market manipulation in any context whatsoever" and that governor Mark

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: