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Bank of England dismissed tip-off about audio feed security breach

Sep 24, 2020 - The Daily Telegraph (London)

BANK OF ENGLAND officials were first warned that hedge funds had paid for privileged access to press conferences a year before the issue erupted into a public scandal, a report has found.

Threadneedle Street failed to properly examine 2018 tip-offs about misuse of an ultra-fast audio feed which gave traders early recordings of Bank press conferences, according to an internal investigation.

In December last year, the Bank was engulfed by a furore over Statisma News, which sold access ...