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FCA investigates Bank of England security breach

The UK’s financial watchdog has launched an investigation into a security breach at the Bank of England that allowed hedge funds early access to an audio feed of Mark Carney’s market-moving press conferences.

“Central banks pride themselves on confidentiality and making sure communication is well managed,” he said. “There has been an abuse of information here. The question in your mind will be, if this happened what else has happened? Are the Bank’s communications secure?”

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hedge funds