New York Official Demands Documents in Investigation of Foreign …

New York Official Demands Documents in Investigation of Foreign Exchange Market RiggingFebruary 10, 2014 • 11:15AMBen Lawsky, superintendent of New York’s Department of Financial Services, has demanded documents from more than a dozen banks, including Deutsche Bank, Goldman Sachs, Lloyds, Royal Bank of Scotalnd, and Standard Chartered, the Feb. 5 Financial Times reported, as part of an international investigation of the rigging of the $5.3 trillion global foreign exchange market, a market bigger than the LIBOR market.Martin Wheatly, chief executive of the UK’s Financial Conduct Authority, told a recent parliamentary hearing that allegations that banks had colluded to rig prices in the foreign exchange market were “every bit as bad as they have been with LIBOR.” The very same banks that rigged LIBOR as well as the derivative …

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5 Financial Times reported, as part of an international investigation of the rigging of the $5.3 trillion global foreign exchange market, a market bigger than the LIBOR market. Martin Wheatly, chief executive of the UK's Financial …

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New York Official Demands Documents in Investigation of Foreign …

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