BOE Opens Review Into Currency Meeting Amid Calls for Inq
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The Bank of England has opened a review into allegations officials condoned practices at the heart of the currency-manipulation scandal, as lawmakers demand an inquiry into what the regulator knew.
The central bank has hired lawyers to establish whether officials told traders at an April 2012 meeting it wasn’t improper to share impending customer orders via chat rooms, Andrew Bailey, chief executive officer of the Bank of England’s Prudential Regulation Authority, told lawmakers in London today.