©Dreamstime

FX dealing in the spotlight

Authorities in Switzerland, the UK, Hong Kong and the US are investigating whether some of the biggest banks in the world rigged the foreign exchange market. There are concerns that these new regulatory probes will find practices or patterns similar to the Libor rigging scandal

Banks pull out of dozens of benchmarks

Withdrawals in wake of rate scandals could leave investors blind

Benchmark boycott shows regulatory risk

Fines are growing in tandem with presumptions of wrongdoing

Multimedia

Explore the 30 traders and staff who so far have been suspended, placed on leave or fired amid regulatory investigations that started in 2013
– Graphic
Banking weekly
Patrick Jenkins is joined by Daniel Schäfer to discuss the growing number of banks suspending staff over alleged foreign exchange manipulation
– Podcast

Forex markets face further regulations

New rules to address conflicts of interest in banks

UBS warns of fines after forex probe

Swiss bank says some authorities have initiated settlement talks

Six banks in UK talks over forex fines

FCA poised to set penalties in hundreds of millions of pounds

Six banks in UK talks over forex rigging fines

Aim to reach a settlement by the end of year

Doubts raised over global forex platform

Critics say it could hamper competition and innovation

Singapore must keep its reform edge

Island-state must stay on its guard to keep its regional edge

SFO gears up for forex trading probe

Launch could come before end of month

Financial watchdog warns of more fines

Wheatley notes industry’s capacity to ‘surprise with bad conduct’

A utility for foreign exchange trading

FSB idea could help draw a line under forex scandal

Regulators push for wider forex fix time

One of 15 proposals by FSB to overhaul market

FCA squeezes life from payday lending

Capping spiralling interest charges will not boost competition

Interactive: the forex inquiry network

US offers immunity to forex traders

DoJ hopes London staff will swap information for protection

Compliance cannot save forex from red tape

Libor scandal has turned a spotlight on benchmark rigging

Barclays chairman warns on FX regulation

Sir David Walker calls for fine-tuning rather than draconian reform

Banks speed up shift to forex automation

Drive to slash costs and reduce risk of further scandals

Citi forex head Feig joins exodus

Departure comes shortly after that of Anil Prasad

Bank of England adds 581 to payroll

Staff headcount rises 30% over the past two years

Osborne to toughen rules on market abuse

Plans to make forex and other manipulation a criminal offence

Deutsche Bank warns on forex probes

Lender says financial exposure could be ‘material’

Osborne plans tougher forex oversight

Chancellor set to propose reforms for financial benchmarks

Commerzbank suspends 2 currency traders

Bank finds evidence of attempts to control euro and Polish zloty

BaFin advances twinning of finance hubs

Forex scandal likely to follow same arc as the Libor probes

Germany finds evidence of forex rate-fixing

Brussels charges three more over cartel

BaFin finds forex manipulation evidence

German regulator is first to confirm it has spotted wrongdoing

Deutsche Bank uses video to lash traders

Investment bank co-head ‘has lost patience’ with boasting and vulgarity

Two arrested in Australia forex probe

Police have charged a government employee and a banker

Big banks dominate forex league table

Market share of top five rose above 60 per cent

DoJ raises stakes in forex probe

Prosecutors fly to London to question traders

Singapore central bank link in FX probe

Deutsche employee suspended over MAS communication

Forex chiefs gather to fight regulation

Senior foreign exchange market executives seek to drive change

Bank disputes spur rise in court cases

Study shows cases rose to 1,353 in 2013 against 1,167 in 2012

Banks are stepping up the move away from archaic voice trading structures that are at the centre of forex probes
©Colin Beere

Automation gets fillip from forex rigging allegations

Buying and selling currencies over the phone is coming under renewed pressure

Finance briefing: Foreign exchange market and why it matters

The impact of rate rigging

The US class action lawsuit just preceded the Swiss competition regulator saying it had found signs of illegal activity
©Nick Lowndes

Joint lawsuit filed over forex claims

US investors have begun proceedings over alleged price rigging

HK and New Zealand launch forex probes

Hong Kong Monetary Authority asks banks to review operations

Swiss and UK step up forex probes

Weko to investigate eight banks; FCA looks at controls at lenders

UBS suspends six more forex traders

Swiss bank’s internal move extends to Singapore for first time

ABOUT LIBOR

Libor explained What is the London interbank offered rate and how did things go wrong?

The FT explains Libor and its role in the banking system with exclusive stories, commentary and analysis

SHARE THIS QUOTE