Wednesday, 17 July 2013 10:04
'The City was rocked by yet another scandal yesterday after it emerged an investigation is underway into a suspected attempt to rig the price of government debt.Regulators are looking into allegations that traders tried to get the Bank of England to pay over the odds for bonds it was buying through its mammoth quantitative easing programme.
Paul Fisher, executive director for markets at the central bank, told MPs that any attempt to manipulate the market ‘would be thoroughly reprehensible’ and insisted ‘appropriate sanctions’ should follow if anyone is found guilty.'
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