Minutes released from the Chief Dealer Sub Group (CDSG) meetings between the BOE and chief delears in the interbank market that were held regularly until last year.

The meetings were set up in 2005, held up to 4 times a year and chaired by BOE chief fx dealer Martin Mallett. The last meeting was in June 2013 just prior to the allegations of fixing hit the headlines. The scheduled July meeting was never held.

The minutes have been released under a Freedom of Information request

  • 2006 discussions on price moves around the fixings
  • 2006 plan to invite fixing company ( WM/Reuters) to meeting
  • considerable discussions and “concern” on fixings in May 2008
  • May 2008 plan to invite WM/Reuters to meeting
  • July 2008 discussion on potential manipulation
  • July 2008 WM/Reuters presented at meeting

Makes interesting reading huh?