Tag: FINMA investigation

March 31, 2014 BY Gerald Segal

Switzerland moving forward with forex investigation into eight banks

Switzerland’s competition commission has launched an investigation into eight domestic and international banks The worldwide forex rigging saga marches on...Switzerland's competition commission Wettbewerbskommission known by the German-language acronym (WEKO) said on Monday it had opened an investigation into several Swiss, British and U.S. banks over potential collusion to manipulate foreign exchange rates. A preliminary investigation,…

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October 07, 2013 BY Gerald Segal

Can exchange rates be manipulated?

Swiss regulator FINMA investigating several banks for possible manipulation of foreign exchange markets. Much of the behind-the-scenes chatter in the forex world this past weekend has revolved around the investigation announced Friday by Swiss financial regulator FINMA into the possible manipulation of foreign exchange markets by a number of unnamed banks. The excitement began after a very…

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