BOE Under Scrutiny After Payment Disruption
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Business
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University
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Hard
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The video discusses China's economic growth, which, despite beating analyst estimates, is at its slowest in five years. It also covers the potential $41 billion in fines for banks involved in foreign exchange benchmark rigging, with Deutsche Bank, Barclays, and UBS facing significant penalties. Additionally, the Bank of England's payment system experienced a nine-hour disruption, prompting an investigation by Governor Mark Carney.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What action did the Bank of England take regarding the payment system?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
How long was the real-time gross settlement mechanism offline?
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OFF
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