Carney: Banks must learn lessons after sterling flash crash

Bank of England Governor Mark Carney has said banks must learn lessons after a report into the pound's "flash crash" partly blamed inexperienced traders. Sterling - already under pressure after June's Brexit vote - fell by 9% to nearly $1.14 against the US dollar in the early hours of 7 October last year before recovering most of the ground lost. An investigation into what was behind the blip was carried out by the Bank for International Settlements (BIS) - the international organisation of cent