‘No evidence’ of criminality in BoE crisis auctions

Bank of England

The UK’s Serious Fraud Office (SFO) has given the Bank of England (BoE) the all clear, following an investigation into whether emergency liquidity auctions during the global financial crisis may have been rigged.

“After a thorough investigation the SFO concluded that there is no evidence of criminality in relation to this matter,” the SFO says in a statement on June 23.

The case opened in November 2014, after the BoE raised its concerns with the SFO, having commissioned its own independent

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