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Regulation

FX Rigging Banks Face UK Class Action Lawsuit

Barclays, UBS, and JP Morgan were all named in the suit

Monday, 29/07/2019 | 08:56 GMT by David Kimberley

Prime Brokerage

Westpac and ANZ Become Entrenched in FX Conduct Scandal

The Australian financial regulator has accepted from the banks enforceable undertakings totaling AUD 6 million.

Wednesday, 15/03/2017 | 10:49 GMT by Victor Golovtchenko

Regulation

UK FCA Highlights Steps Companies Need to Take to Fix FX Fixings Damage

In light of the recent probes into the conduct of the foreign exchange market, the FCA is looking to encourage vigilance.

Thursday, 28/07/2016 | 11:11 GMT by Victor Golovtchenko

Regulation

Charges Against Standard Chartered for FX Rigging Dropped (For Now)

For the time being the authorities are absolving Standard Chartered from the massive class action lawsuit in the US.

Thursday, 31/03/2016 | 22:51 GMT by Victor Golovtchenko

Prime Brokerage

Barclays, HSBC and RBS Hit by Another Forex Manipulation Verdict

Several big banks have been hit by another round of foreign exchange market manipulation fines after settlement with Scott + Scott

Thursday, 22/10/2015 | 21:07 GMT by Victor Golovtchenko

Regulation

FSB Report Shows Collective FX Benchmark Reforms Making Progress

The report has addressed the reduction of opportunities for improper trading behavior by market participants around the benchmark fixes.

Thursday, 01/10/2015 | 09:54 GMT by Jeff Patterson

Execution

FX Fixing Scandal Repercussions Continue as Trader Sues Citigroup

The bank’s ex-trader Perry Stimpson is suing his former employer for unfair dismissal as the bank claims he misused electronic communications

Monday, 07/09/2015 | 22:08 GMT by Victor Golovtchenko

Regulation

South Korea Investigating Six Major Banks for Forex Rigging

The investigations by global regulators are now spreading to jurisdictions which have previously not taken action on FX manipulation

Wednesday, 17/06/2015 | 15:41 GMT by Victor Golovtchenko

Analysis

Citigroup and Barclays Set to Pay $800 Mln More for FX Manipulation

After settling with regulators, big banks have been engaged in reaching a consensus with private entities who filed lawsuits in the aftermath of the FX fixing manipulation investigation results last year.

Wednesday, 18/03/2015 | 12:21 GMT by Victor Golovtchenko

Technology

Swiss Banking Giant UBS Settles $135 Million with US Law Firm Hausfeld in FX Fixing Litigation

UBS is the latest bank to settle in the troublesome forex manipulation cases. Hausfeld, a US-based law firm issued a note reporting a settlement with the bank for $135 million, adding that the bank would help in the case.

Friday, 13/03/2015 | 19:04 GMT by Adil Siddiqui

Brokers

Barclays PLC Sets Aside Another $1.15 Bln for FX Fixing Manipulation

The company's CEO, Antony Jenkins, said that Barclays PLC remained focused on addressing outstanding foreign exchange conduct issues in 2015 while the bank registered a 12% jump in profits beating market consensus.

Tuesday, 03/03/2015 | 08:09 GMT by Victor Golovtchenko

Trending

Luis Sanchez Talks FX in Peru, Saxo Bank Lists 2015 Predictions

As the calendar edges closer to 2015 many brokers are closing out the year with a variety of hires and predictions.

Friday, 12/12/2014 | 00:06 GMT by Jeff Patterson

Analysis

FX Fixing Window Set for Widening to Reduce Propensity for Market Manipulation

As various proposals are implemented to reduce the propensity for FX manipulation, WM Company takes the simple step of widening the fixing window to 5 minutes. Does a wider window reduce the chance of collusion?

Tuesday, 18/11/2014 | 02:51 GMT by George Tchetvertakov

Analysis

Despite the Regulatory Rigmarole, It’s All Just Business for FX Riggers and the Market Triggers

The 'Trifecta' of regulatory agencies has missed one thing: front-office bankers are working in a savagely competitive environment founded on a performance-ranked hierarchy that breeds the desire to cheat.

Thursday, 13/11/2014 | 20:49 GMT by George Tchetvertakov

Interviews

Soft-FX's Max Faust Talks Next Generation FX Liquidity Solutions

Forex Magnates reached out to Max Faust, the Chief Executive of Soft-FX for an exclusive in-depth look into technologically-driven FX brokerage solutions that are seemingly taking the industry by storm.

Thursday, 04/09/2014 | 00:03 GMT by Jeff Patterson

Executive Moves

Andrew Ferry Appointed to Head FX Compliance at JPMorgan

The biggest US bank by assets JPMorgan Chase & Co. (JPM), has appointed Andrew Ferry to head its FX and rates markets compliance team. The position was previously non-existent as the new team has been formed just recently.

Thursday, 31/07/2014 | 12:09 GMT by Victor Golovtchenko

Technology

Software AG's Apama Can Now Detect FX Market Manipulation and Benchmark Fixing Abuses

The international enterprise solutions giant launched a new version of its market surveillance software which aims to be able to detect fraud and suspicious behavior on behalf of institutional traders.

Thursday, 13/03/2014 | 16:10 GMT by Avi Mizrahi

Technology

EBS and Thomson Reuters Partner to Provide Blended FX Fixing Data on Eikon

Monday, 18/02/2013 | 10:45 GMT by Ron Finberg

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