Bank of England to boost watchdog role after failing to spot forex rigging – The Guardian
‘The Bank of England plans to beef up its watchdog role after it failed to spot one of the biggest scandals in the City’s recent history. The central bank said a “root-and-branch” review of its market intelligence operations had found that some staff were unfamiliar with the way City firms operated.’
The Guardian, 26th February 2015
Source: www.guardian.co.uk