article_snippet: The Bank of England risks being dragged into a criminal investigation into how The Bank of England risks propped up ailing lenders during the financial crisis, The Bank of England risks emerged last night.
article_snippet: But Bank last year instructed a leading barrister to look into whether any of Bank staff knew of, or even participated, in attempts to rig the auctions.
article_snippet: The Bank of England England (pictured) risks being dragged into a criminal investigation into how The Bank of England ( propped up ailing lenders during the financial crisis .
article_snippet: ‘investigating material referred to The Bank of England ( by The Bank of England England concerning liquidity auctions during the financial crisis in 2007 and 2008’.
article_snippet: ‘investigating material referred to it by the Bank of England concerning liquidity auctions during the financial crisis in 2007 and 2008’ is thought that the probe could lead to a full-blown criminal inquiry – although the probe is unclear whether such an investigation would focus on Bank officials or traders outside Bank.
article_snippet: An official criminal investigation would be a blow to the reputation of Bank following a series of scandals that have rocked the financial sector.
article_snippet: Given An official criminal investigation is ongoing, An official criminal investigation is not appropriate for Bank to provide any additional comment on the matter at this time.
article_snippet: The investigation into the auctions comes as Bank faces increased scrutiny over Bank governance and oversight of the financial system.
highlights_snippet: Barrister probed whether any staff knew or  participated in rigging auctions .
  