BoE to create new deputy role amid FX rigging controversy

New deputy will be responsible for overseeing markets and banking


The Bank of England (BoE) will create a new deputy governor post responsible for overseeing markets and banking, governor Mark Carney told a parliamentary committee yesterday.

The development emerged during a tempestuous hearing into the BoE's role in the suspected manipulation of foreign exchange markets that Carney labelled "as serious as Libor, if not more so" and has already led to the suspension of one BoE staffer on the grounds of potential misconduct.

The new deputy governor will not join

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