Bank of England FX investigation scrutinised by US Department of Justice

Bank Of England Building

The Bank of England's controversial investigation into what its own staff knew about foreign exchange manipulation is being scrutinised by the US Department of Justice.

The Daily Telegraph reports that the DoJ has requested to interview a senior employee at Royal Bank of Scotland (RBS), amid concerns that the Bank of England's own report was not appropriately thorough, according to the Financial Times.

Such an interview, part of the DoJ's long-running investigation into currency rigging, is unusual because the employee in question, James Pearson, the head of European FX trading at RBS, is not under investigation from US authorities. He is, however, said to have been one of a number of senior traders to regularly spoke to BoE officials about the forex market.

To access the complete Daily Telegraph article hit the link below:

Bank of England's foreign exchange investigation faces US scrutiny

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