Bank Of England Suspends Staffer In Internal Forex Probe

Law360, Los Angeles (March 5, 2014, 8:09 PM EST) -- The Bank of England has suspended a member of its staff in connection with an internal review into allegations that bank officials condoned or were made aware of foreign exchange market manipulation, the bank said Wednesday.

According to the U.K.’s central bank, its extensive review of documents, emails and other records has not found evidence that the bank’s staff colluded in manipulating the Forex market or in sharing confidential client information. But the Bank of England requires its staff to follow “rigorous internal control processes” and...
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