The Fed bars former Forex trader from banking industry for his manipulation of benchmarks LeapRate

July 20, 2016 BY Mike Fox

The Fed bars former Forex trader from banking industry for his manipulation of benchmarks

The Federal Reserve Board announced yesterday it is prohibiting a former FX trader from participating in the banking industry for his manipulation of FX pricing benchmarks. Matthew Gardiner, a former FX trader at Barclays PLC and at UBS AG, used electronic chat rooms to coordinate FX trading, facilitate manipulation of FX pricing benchmarks, disclose confidential customer information…

February 23, 2015 BY Andrew Saks-McLeod

HSBC sets aside another $550 million for more impending FX manipulation fines

HSBC has today released its annual report, which shows a further $550 million having been set aside for potential settlement of further penalties relating to FX benchmark manipulation, the report stating that investigations between the UK, US and other jurisdictions are ongoing

December 04, 2014 BY Andrew Saks-McLeod

WM Company delays 4pm fix amendments in attempt to make it resistant to manipulation

State Street's WM Company is postponing changes to the 4pm fix benchmark in an effort to take preventative action in ensuring that it is more resistant to manipulation efforts by FX traders

Tag: fx benchmark rigging