He added: "The institution has to be beyond reproach, we have to have the highest standards of integrity. How do we ensure that? We ruthlessly, relentlessly follow through with the investigation of what happened."
Bank chief Mark Carney told MPs the new official would be asked to conduct a "root and branch review" of how it monitors markets.
Pressed on whether the Bank had been aware earlier, Paul Fisher, executive director for markets, told the hearing he had not known of specific allegations before last year.
Mr Carney said the Bank had first become alerted to the affair by a private sector market participant on October 16 and within 48 hours had instructed law firm Travers Smith to launch a secret probe. Details emerged publicly earlier this year.
Disclosing the appointment of a new deputy governor, he said: "One of the first tasks of that individual is that he or she will conduct a root and branch review of how we conduct market intelligence, how we use it."
"We owe it to the people of this country, we owe it to Parliament. We also owe it to our employees who have acted with integrity and dedication. We can't come out of this with a shadow of a doubt about the integrity of the Bank of England."
aware of information sharing between traders from rival banks an alleged practice at the heart of the probe.
The governor set out the measures as he was grilled by members of the Treasury Select Committee just days after the Bank suspended an employee over compliance concerns following Air Max Thea Women Grey an internal probe.
But he said that the suspension of a staff member related to processes including its records management and "escalation" or referring issues up to senior management.
Bank to appoint new deputy governor From Bradford Telegraph and Argus
pursuing an investigation into the allegations and that it must be regarded as "beyond reproach".
"Our employees meet that 99.99% of the time but we expect that our standards, particularly with respect to rigorous control procedures, are there for a reason."
The Bank of England firmly insists that it does not condone such market manipulation and Mr Carney said it had found no evidence that its staff had condoned, participated in or facilitated it.
The Bank was publicly drawn into the affair after it was reported that its officials were made Nike Air Max Thea Fashion Shoes
The Bank of England is to appoint a fourth deputy governor to oversee banking and markets in the wake of damaging claims that some of its officials knew about alleged foreign exchange rate rigging.
He said of the alleged forex fixing: "This is as serious as Libor, if not more so, because it goes to the heart of the integrity of markets."
Mr Carney said Bank workers were held to a "very high standard" of conduct.
He admitted that it was an "unhappy situation to be in", but insisted Nike Air Max Tavas Essential
It was claimed that the officials told the traders there was no policy on such communications and that banks should make their own rules.
He said the Bank had strengthened these procedures and had asked staff to look back at whether these might have set off concerns about any such rigging in the past.
that the Bank was relentlessly Nike Womens Air Max Thea Ultra
Mr Carney added that both scandals were "symptomatic of a group of individuals in markets. who have lost sight of what a real market is, and that is unacceptable".
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