The culture of foreign exchange market has changed significantly, but problems persist with the market that make it susceptible to further transgressions.
Forex traders who went to the dark side could soon be forced to face the consequences.
Justin Lane/EPA/AAP
“Oh what a tangled web we weave. When first we practice to deceive”. Sir Walter Scott’s comment could have been made about the LIBOR and foreign exchange (forex) scandals engulfing the world’s largest…
Small beer? Bank fines and the culture they punish.
Steve James
The biggest open secret in the financial world has been confirmed. Regulators in the UK, the US and Switzerland have announced massive fines for some of the world’s largest banks for a manipulation of…
Politicians and regulators in charge of our foreign currency markets can’t see the wood for the trees. Even the banks themselves recognise allegations the world’s largest financial market has been rigged…
Small changes to currency can have a big impact.
@Doug88888
Mark Taylor, Warwick Business School, University of Warwick
In the latest big scandal to hit the banking sector, regulators around the world are investigating whether foreign exchange markets have been rigged. At least seven major banks have been caught up in the…