The Bank has given few details about the circumstances concerning the suspension of an employee this week

For almost 200 years, Royal Guardsmen in their red tunics stood sentry outside the Bank of England on Threadneedle Street. Known as the Bank Piquet, the detachment guaranteed the security of the vaults and conveyed a strong message of authority that is beyond reproach to the unruly mob of bankers who have occupied the Square Mile down the years. However, to some the sight of the guardsmen in Napoleonic-style uniforms and bearskin caps stood outside its doors is typical of an institution that is still struggling to modernise more than 40 years after the last sentry was stood down. The latest financial scandal to have rocked the City concerning foreign exchange trading has now pulled in the Bank and raised profound questions about its transparency and a historic culture of secrecy, which critics argue the Governor, Mark Carney, needs to change.....Read more here