London - The Bank of England (BoE) is warning about potential irregularities in financial markets on a regular basis as it tries to address the problems that dragged it into recent market scandals, a senior BoE official said.
Chris Salmon, executive director of markets at the BoE, also told Reuters that more rigid rules of engagement for the central bank's staff inevitably meant that traders would offer them less information, but the Bank would still be able to do its job.
The BoE was stung last year when its chief foreign exchange dealer was found to have not told his managers about his concerns that traders were manipulating a key currency rate.