Overview
Reuters cited Steptoe London partner Zoe Osborne in a December 18 article titled "Bank of England Audio Leak Gave Head Start on Briefings." The article discusses how a rogue supplier has been misusing audio feeds from Bank of England (BoE) news conferences this year, giving traders access to potentially market-moving information seconds before rivals.
Osborne says any culpability for wrongdoing rested in part on what restrictions were in place between the BoE and the third party supplier, whether it had complied and what traders were told and knew about the perceived time advantages of the audio feeds.
The full article can be read at Reuters.
