-- Regulators around the world have been tightening the screws on - TopicsExpress

-- Regulators around the world have been tightening the screws on the global banks over the manipulation with some of benchmark rates, such as rates on the foreign exchange markets and the inter-bank London Interbank Offered Rate (LIBOR). In spring 2014 the Swiss regulator became the first to confirm it had uncovered illegal currency rate rigging by world’s leading financial organizations, Goldman Sachs, and HSBC included. By November the world’s biggest banks had agreed to pay out $4.3 billion to settle an investigation into their alleged rigging of foreign exchange rates.

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