Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a707540

Swiss regulator launches global FX manipulation probe

by James Phillipps on Oct 07, 2013 at 08:15

Swiss regulator launches global FX manipulation probe

The Swiss financial regulator is investigating possible manipulation of foreign currency exchange rates, saying the probe potentially has global scope.

The Swiss Financial Market Supervisory Authority, Finma, said in a brief statement on Friday: ‘Finma is currently conducting investigations into several Swiss financial institutions in connection with possible manipulation of foreign exchange markets.

‘Finma is coordinating closely with authorities in other countries as multiple banks around the world are potentially implicated. Finma will give no further details on the investigations or the banks potentially involved.’

The move follows a recent wave of market manipulation probes, including the manipulation of Libor and global energy markets.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Ian McVeigh and Steve Davies, managers of Jupiter's UK Growth fund, talk about their predictions for the UK equity space. Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet