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Bank of England shake-up may trigger rate-setter changes

17 March 2014

Commenting in a Reuters article, Owen Watkins discusses the scandal over alleged manipulation of currency markets which the Bank of England was drawn into last year.

Although the Governor of the Bank of England, Mark Carney, is due to suggest creating a deputy governor in charge of overseeing markets and banking services and hold an inquiry into the currency manipulation, Owen feels that what the Bank, and the regulators, will be more concerned about is the failure of the financial systems and controls to detect or deter what had happened.

You can read Owen's comments in full on the Reuters website here.

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