BoE fires FX dealer

Bank Of England Building

The Bank of England has fired its chief foreign exchange dealer after it found information about serious misconduct, but said the dismissal was unrelated to a foreign exchange scandal.

'This information related to the Bank’s internal policies, not to FX', a BoE spokeswoman said on Wednesday.

Reuters reports that the BoE suspended its chief dealer in March as it looked into what Bank officials might have known about alleged manipulation of key currency rates by foreign exchange traders. He was fired on Tuesday.

The Bank of England also confirmed that an investigation commissioned by its oversight committee had found no evidence that any BoE official had been involved in unlawful or improper behaviour in relation to a foreign exchange trading scandal.

Reuters reports that the Bank said the report also found that none of its officials knew of improper behaviour by foreign exchange traders at banks based on shared confidential information, including aggregated information about client orders.

Bank of England fires chief FX dealer for rules breach

Bank of England says FX investigation finds no BoE wrong-doing

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