LONDON Feb 11 The Bank of England said on
Tuesday it has seen no evidence to back claims it condoned or
was aware of manipulation in the foreign exchange market.
Andrew Bailey, BoE deputy governor and chief executive of
the Prudential Regulation Authority told parliament's Treasury
Select Committee the central bank has see "no evidence yet to
substantiate claims that a Bank official in any sense condoned"
foreign exchange manipulation.
"The Bank of England does not condone any form of market
manipulation in any context whatsoever," Bailey said.
Bailey said the claims, which the central bank first heard
about last October, were being taken "very seriously" and a
review has been initiated, led by internal and external legal