Inquiry into Bank of England's role in forex manipulation claims secures lucrative fees for Travers and specialist law firm Huron
February 03, 2015 at 04:43 AM
1 minute read
The original version of this story was published on Legalweek
Travers Smith received more than £2m in fees for its role on an investigation into what Bank of England officials knew about manipulation of the foreign exchange market.
Travers was appointed in March along with One Essex Court’s Lord Grabiner QC, to lead a review into the Bank’s practices, in response to allegations that some Bank officials allowed the manipulation of foreign exchange (forex) rates by bankers in the City. The six banks involved received multi-million pound fines.
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