Tag: Forex
US: London FX traders enter not guilty plea
Three former London-based traders pleaded not guilty on Monday to US charges they conspired to rig prices in the roughly US$5 trillion foreign exchange...
US: BNP Paribas fined US$246m
The Federal Reserve announced on Monday that it was fining BNP Paribas US$246 million for “unsafe and unsound” practices in its foreign exchange markets.
The...
South Africa: Barclays Africa CEO “deeply regrets” role in FX rigging
South African lender Barclays Africa asked for forgiveness on Thursday for its role in rigging the local currency, a scandal that has raised questions...
US: Judge dismisses most of Euribor-rigging lawsuit
A US judge on Tuesday dismissed most of an investor lawsuit accusing several major banks of conspiring to manipulate the benchmark European Interbank Offered...
South Africa: Barclays Africa granted immunity in FX rigging probe
South Africa's Competition Commission has granted Barclays Africa conditional immunity from prosecution in return for its continuing cooperation in the rand currency trading probe,...
“From Collusion to Competition” – 17th Issue
Oct 09, 2014
CPI Cartel Column edited by Rosa Abrantes-Metz (Global Economics Group/NYU Stern School of Business)
Welcome to the October issue of “From Collusion to...
“From Collusion to Competition” – 15th Issue
Jan 31, 2014
CPI Cartel Column edited by Rosa Abrantes-Metz (Global Economics Group/NYU Stern School of Business)
Welcome to the January issue of “From Collusion to...
“From Collusion to Competition” – Ninth Issue
May 30, 2013
CPI Cartel Column edited by Rosa Abrantes-Metz (NYU Stern School of Business)
Introduction by Rosa Abrantes-Metz
Welcome to the May issue of “From Collusion...
Seven Principles for Reforming Financial Benchmarks
Rosa Abrantes-Metz, David Evans, Mar 05, 2013
A number of regulators have been looking at how to dig financial markets out of the Libor mess....
The LIBOR Scandal and Lessons for Antitrust Compliance Programs
David Flower, Nov 28, 2012
In June of 2012, when regulators in the United States and United Kingdom announced settlements totaling USD $451,000,000 with Barclays...