Legislator says BOE's forex probe 'seriously incomplete'

London

A PROBE by the Bank of England (BOE) into what central bank staff knew of malpractice in London's foreign exchange market failed to scrutinise officials closely enough and was "seriously incomplete", a senior lawmaker said on Tuesday.

Last year, the BOE's supervisory board commissioned an investigation by a top commercial lawyer, Anthony Grabiner, to look into what BOE staff knew about foreign exchange market malpractice.