Central Banking

Carney pledges to push BoE FX investigations 'all the way'

Governor grilled by parliamentarians over BoE's potential role in FX market rigging


The Bank of England (BoE) will report to the G-20 on its internal investigation relating to claims that it had knowledge of attempts to manipulate currency benchmark rates, and will pursue the probe "all the way", the UK central bank's governor Mark Carney told the Parliament's Treasury Committee in a fraught testimony.

Carney and director of markets at the Bank of England, Paul Fisher, told the committee the bank first became aware of allegations that an employee was to be implicated in the

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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