UK fraud office probing Bank of England liquidity auctions

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Mark Carney, governor of the Bank of England

The UK's Serious Fraud Office (SFO) is investigating Bank of England (BoE) liquidity auctions conducted during the financial crisis in 2007 and 2008.

The central bank last night confirmed it referred information relating to the auctions to the SFO in November, after commissioning lawyer Anthony Grabiner to conduct an initial independent inquiry.

"Given the SFO investigation is ongoing, it is not appropriate for the bank to provide any additional comment on the matter at this time," the BoE said

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