A senior HSBC executive has been arrested in New York in
connection to the US Justice Department’s FX rigging investigation, according
to various news outlets.
These reports are naming the person arrested as Mark
Johnson, global head of FX ...
The US Federal
Reserve Board has banned former Barclays and UBS FX trader, Matthew Gardiner,
from working in the banking industry for his manipulation of FX pricing
board says that from January 2008 until at least January 2013 that Gardiner “...
Implementation of a reformed Euro Interbank Offered Rate (Euribor) is expected to happen in the first half of 2017, according to the Financial Stability Board (FSB).
The FSB – which groups G20 financial authorities - has published an update on the process ...
Convicted spoofer Michael Coscia has been sentenced to three years in
jail by a US court – the first incarceration of its kind in the US.
Coscia, head of proprietary trading firm Panther Energy, was convicted last
year after he
hearings of former Barclays FX trader Chris Ashton’s unfair dismissal and
whistleblowing claim against the bank started on Tuesday at the East London employment
the tribunal said they will decide by Wednesday whether to take ...
In a release to accompany a new survey
taken by the firm, LMAX Exchange casts doubt on the ability of the FX Global
Code of Conduct to deliver industry reform in a timely fashion.
While noting that the first release ...
China has moved to limit speculation
against the yuan by imposing reserve requirements on foreign banks trading in
the forward FX market.
In a note published on its website, the
China Foreign Exchange Trading System (CFETS) says it is introducing ...
Three former Barclays traders have been
found guilty by a London court of conspiring to manipulate the London Interbank
Offered Rate (Libor) benchmark interest rate.
According to a statement from the UK
Serious Fraud Office (SFO) Monday, trader Jay Merchant, ...
The US National
Futures Association (NFA) has adopted a new compliance rule (2-36) to govern
foreign exchange transactions.
NFA says that it has
done so because, “Given the differences between off-exchange transactions and
traditional exchange-traded futures and options, the board ...
Former Barclays FX trader Chris Ashton is
to appear at a hearing at the East London employment tribunal on July 13
against the bank, which he is suing for unfair dismissal, confirms his lawyer
Ashton is suing Barclays for ...