| At least six authorities across the globe – the European Commission, Switzerland’s markets regulator Finma and the country’s competition authority Weko, the UK’s Financial Services Authority, the Department of Justice in the US and the Hong Kong Monetary Authority – are investigating whether traders in some of the world’s biggest banks colluded to manipulate benchmark rates in the foreign exchange market.
Here is how the investigations have gathered pace: The UK markets regulator launches a preliminary investigation after receiving complaints banks traded ahead of customer orders and attempted to manipulate benchmarks...............................................Full Article: Source
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