Bank flags 50 instances of possible market abuse, The Bank of England has flagged 50 instances of potential market abuse following a shake up of how it operates.
Governor Mark Carney said of those instances, 42 had been referred to the Financial Conduct Authority, which was investigating "a number" of them.
The Bank reorganised how it operates following the foreign exchange scandal.
Mr Carney said the high number of referrals indicated its new policies were working.
"I'm pleased that the process is working and this demonstrates this. I'd be disappointed if the run rate of what is escalated continues at that high level. There is an element of backlog here," Mr Carney said...Read More
Governor Mark Carney said of those instances, 42 had been referred to the Financial Conduct Authority, which was investigating "a number" of them.
The Bank reorganised how it operates following the foreign exchange scandal.
Mr Carney said the high number of referrals indicated its new policies were working.
"I'm pleased that the process is working and this demonstrates this. I'd be disappointed if the run rate of what is escalated continues at that high level. There is an element of backlog here," Mr Carney said...Read More
