Bank Of England Paper On Single Currency Sparks Reactions From Industry Groups
REGULATIONS
Banks in London should be planning for a single currency now, although there is little concrete action FX-related departments can take until the central mechanisms and systems are more clearly defined, say industry officials.
British Bankers Association secretary Bob Blower says the group, and other industry bodies, have been discussing for some time the issues raised in the Bank of England (BoE) paper on the single currency released on May 10. But he says some fundamental decisions must be made
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