Bank of England's Carney faces grilling over foreign exchange scandal

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Bank of England's Carney faces grilling over foreign exchange scandal Posted: 09 Mar 2014 05:06 AM PDT LONDON, March 9 (Reuters) - Mark Carney faces probably his toughest questioning so far as Bank of England governor next week when lawmakers will seize on a foreign exchange scandal to press their...

NDF trade was "adjustment valve" for emerging currencies-BIS Posted: 09 Mar 2014 04:00 AM PDT LONDON, March 9 (Reuters) - The growing trade in currency forwards acted as a useful "adjustment valve" for emerging markets in the past year by allowing investors to hedge exposure to the asset...

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