Sunday, May 31, 2015   

HKMA investigates possible forex rigging
(04-01 17:54)

The Hong Kong Monetary Authority said it was investigating numerous banks for alleged foreign exchange market manipulation.
“The HKMA is investigating a number of banks in Hong Kong by requiring them to conduct independent reviews of their FX operations and submit the results to the HKMA,'' a spokeswoman told AFP.
The authority is also working with “overseas bank supervisors on the matter'' and reviews are “in progress,’’ she said.
Authorities in the United States, Britain and Switzerland have also opened inquiries into whether banks manipulated foreign exchange.

   
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