Tag: FX manipulation investigation

April 16, 2014 BY Gerald Segal

Credit Suisse gives itself clean bill of health in FX rate fix investigation

Credit Suisse says everything normal with FX trades, will investigations agree? Following their own internally conducted review, Credit Suisse (NYSE:CS)  states on Wednesday that it has not found anything "materially untoward" in how it trades foreign currencies, the bank's finance chief David Mathers said on Wednesday following the publication of its first-quarter results. The bank…

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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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March 19, 2014 BY Andrew Saks-McLeod

Foul Play Down Under? ASIC Joins The Party of FX Manipulation Probes

Australia's financial markets regulator joins the FX rate manipulation probe, in order to investigate if misconduct occurred within its jurisdiction The global probe into alleged manipulation of FX rates by financial institutions has spread even further afield, with the Australian Securities and Investments Commission (ASIC) having declared today that it is commencing a review to…

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March 13, 2014 BY Andrew Saks-McLeod

Software AG’s Apama Unveils FX Abuse Monitoring Product

German software giant apparently sees a big market developing in FX monitoring in light of rate fixing scandal German technology company Software AG (Frankfurt TecDAX: SOW) has today launched an additional service to its Apama market surveillance solution which includes alerts to signal manipulation in FX market benchmarks and rate fixing. The additional service has been developed…

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March 13, 2014 BY Andrew Saks-McLeod

Lord Grabiner To Lead Bank FX Manipulation Probe

Bank of England Oversight Committee appoints leading Queen's Counsel to head independent investigation Following this week's series of questions which were posed to Bank of England Governor Mark Carney in an attempt by British government officials to ascertain as to whether any possible manipulation of FX benchmarks by banks could have been known to the…

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March 13, 2014 BY Andrew Saks-McLeod

Is Currency Trading Heading On-Exchange? NASDAQ OMX Considers Foray Into FX

A timely exercise by global exchange services & trading technology firm in the light of regulatory push for greater transparency Market participants in the institutional FX sector's most populous regions have experienced comprehensive regulatory overhauls during the last year, spearheaded by the implementation of the Dodd-Frank Act which stipulated that over the counter derivatives including…

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