A UK banking regulator is joining a widening global investigation into possible manipulation of the foreign exchange markets.
The Financial Conduct Authority (FCA) has joined the Swiss regulator, FINMA, in investigating allegations of collusion between traders.
Recent media reports suggest they used instant messaging services to work together to fix exchange rates.
Hong Kong authorities are also looking into the matter.
“We can confirm that we are conducting investigations alongside a number of other agencies both in the UK and abroad into a number of firms relating to trading on the foreign exchange (forex) market,” the FCA said in a statement.
via BBC
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