UK benchmark-rigging laws to extend to FX

FX fix manipulators could face jail

A man's hands sticking through prison bars

Attempts to manipulate the WM/Reuters currency benchmark will become a criminal offence, after the UK government announced plans to widen the scope of legislation.

The move comes as the investigation into the rigging of the FX market's WM/Reuters 4pm London fix reaches its 18-month anniversary. So far, the multi-regulator probe has involved several major banks and resulted in dozens of senior traders being dismissed or put on leave.

Up until now, only the London Interbank Offered Rate fell into

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 -, or view our subscription options here:

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: