- BOE heard no specific allegations until details started coming out last year
- Has I seen any evidence of rigging before last year would have reported it
Carney
- FCA can investigate BOE staff
- Not in possession of any information that suggests any BOE official condoned or participated in FX manipulation
- BOE will need to decide how to change policies and culture and how they are followed
- Need to make sure that BOE officials are asked whether they are aware of any or other situations or allegations. Will be changing some of the structure
- Will be creating a position for someone to monitor that BOE policies and structure are being followed
- We want to clarify clearly the principles of the market
