Tag: Forex Fix

July 18, 2017 BY admin

3 former UK Forex bank traders arraigned in antitrust conspiracy

Three United Kingdom nationals and former traders of major banks voluntarily surrendered to the FBI and were arraigned on a charge arising from their alleged roles in a conspiracy to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market, the Justice Department announced today. A one-count indictment,…

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July 15, 2014 BY Mike Fox

International FSB completes reccomendations on blanket FX fixing reform

The globally minded Financial Services Board, the G20's consultative go-to for all things financial, which is chaired by Mark Carney, Governor of the Bank of England released final recommendations and conclusions on cleaning up FX benchmarks and rate fixes. The way it stands in its current form has embroiled in scandal many investment banks and…

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