- Allegations are as, if not, more serious than Libor scandal
- BOE has spared no expense on investigation and it has to be conducted fairly
- Will take necessary steps as warranted by probe
We need to realise that this hearing is on the potential actions at the BOE not the overall investigation into the FX manipulation which is being run by the FCA, though obviously there will be some overlap.
- Evidence that led to suspension of individual only came to light last month
