Rolling coverage of the latest economic and financial news
- BoE press conference audio feed hacked
- Some City traders got crucial head start on Carney comments
- Bank sets interest rates at noon
The BoE insists that none of its decisions have been leaked early — just the audio feed of its press conferences (which is bad enough!).
The Bank operates the highest standards of information security around the release of the market sensitive decisions of its policy committees.
The issue identified related only to the broadcast of press conferences that follow such statements.”
The Bank of England has now referred the misuse of its press conference audio feed to the Financial Conduct Authority, Reuters reports.
The FCA is responsible for regulating the City, so will have to decide whether this is a breach of its regulations…..