Tuesday, October 21, 2014   

UK mulls new criminal sanctions for forex market
(06-12 17:56)

UK Treasury chief George Osborne is set to propose new criminal sanctions covering foreign exchange markets that a number of banks are alleged to have manipulated.
Osborne is set to use his annual speech on the state of the British economy to promise new regulation to protect the integrity of London as a financial center.
In excerpts released ahead of the speech, he pledged to deal with abuses, ''tackle the unacceptable behavior of the few and ensure that markets are fair for the many who depend on them.''
The decision comes amid a global scandal over the alleged manipulation of foreign exchange markets. Regulators in Europe and the US are investigating a number of banks, and Citigroup and Barclays are among the institutions who have suspended traders.--AP
   
Other Business breaking news:
Qatar to buy stake in Sogo's operator (10-20 13:03)
Hang Seng up at midday (10-20 12:37)
Nikkei soars 3pc by break (10-20 10:55)
European car sales accelerate in September (10-17 18:28)
Hang Seng finishes higher (10-17 16:29)
Rolls-Royce cuts forecasts on Russian sanctions (10-17 16:24)
Smartphones cut into Google profit and share price (10-17 16:20)
European stock markets rally in initial trading (10-17 15:45)
Nikkei ends at five-month low (10-17 14:12)
Hang Seng up at midday (10-17 12:30)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.