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Backup audio feed for market-moving press conferences was ‘misused by third-party supplier’
The Bank of England has said it could have acted faster to identify a security breach that allowed hedge funds early access to its market-moving press conferences.
Publishing the findings of an internal report into the incident that hit the Bank during the last months of Mark Carney’s tenure as governor, Threadneedle Street said it had set out a range of measures to tighten its security systems. Continue reading...