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Bank of England calls in leading QC to investigate forex-rigging claims

Posted on March 16th, 2014 at 3:16 by Sueyourdeveloper in category: News -- Write a comment

Quote

The Bank of England has called in one of the most respected figures in the legal world, Anthony Grabiner QC, to investigate allegations that some of its staff may have been involved in manipulating the £3 trillion-a-day foreign exchange markets for almost 10 years…

The Bank’s governor, Mark Carney, told MPs this week that the scandal had the potential to be bigger than the rigging of Libor, which has resulted in big-name banks being fined billions of pounds on both sides of the Atlantic…

Carney said of allegations about the foreign exchange markets: “This is as serious as Libor, if not more so because this goes to the heart of integrity of markets.”

Blimey! Trillions per day! Integrity! Bank of England!

Why would they hire a posh lawyer and not have Inspector Knacker investigate with thumbscrews?

Answers on a postcard, please, to: Mr. M Carney, Threadneedle Street, London EC2.

 

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