BOE Reviewing Allegations It Condoned FX Traders’ Conduct
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The Bank of England is reviewing allegations it told currency traders it wasn’t improper to share impending customer orders with counterparts at other firms, Andrew Bailey told lawmakers in London.
“The Bank of England does not condone any form of market manipulation in any form whatsoever,” Bailey, the chief executive officer of the central bank’s Prudential Regulation Authority, said today. “The governors of the bank have taken claims of the meeting with officials very seriously.”