Thirty firms placed under FX ‘remediation programme’

Banks and non-banks are included in the scheme

eye-spy-snoop-numbers

The Financial Conduct Authority (FCA) is understood to have placed a further 30 banks and non-banks with G-10 foreign exchange spot desks under supervisory measures after discovering widespread evidence of poor practice, according to a source.

The move, which goes beyond banks, comes after Citi, Bank of America Merrill Lynch (BAML), HSBC, JP Morgan, Royal Bank of Scotland and UBS were fined a total of $4.3 billion by UK, US and Swiss regulators, following a global investigation into  alleged

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: