econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

Switzerland Investigating Forex Manipulation

admin by admin
10월 8, 2013
in 미분류
0
0
SHARES
0
VIEWS

Econintersect:   Friday 04 October 2013 FINMA (Swiss Financial Market Supervisory Authority) announced an investigation into involvement of “several Swiss financial institutions” in possible manipulation of foreign exchange (Forex) markets.

moneyunderthetable-380x200

FINMA says that the investigation is being coordinated with “authorities in other countries as multiple banks around the world are potentially implicated“.

What you have read is essentially all that was contained in a press release by FINMA.  Here is the full release:

10/4/2013

FINMA is investigating possible manipulation of foreign currency exchange rates

Press release
FINMA is currently conducting investigations into several Swiss financial institutions in connection with possible manipulation of foreign exchange markets. FINMA is coordinating closely with authorities in other countries as multiple banks around the world are potentially implicated. FINMA will give no further details on the investigations or the banks potentially involved.

Contact
Vinzenz Mathys, Media Spokesperson, phone +41 (0)31 327 19 77, [email protected]

Occasional Global Economics Intersection contributor Shah Gilani has an excellent essay today (07 October 2013) summarizing LIBOR and other interest rate fixing scandals and relating them to the new FINMA announcement.  Shah, writing at Wall Street Insights & Indictments, has this to say about specualtion over any alleged manipulation:

I’m not speculating whether there was any FX manipulation at any banks. I’m not speculating whether there was or is any manipulation of the ISDAFIX used to price derivatives (more on that one another time). Nor am I speculating whether there was any manipulation of Libor.

I would never speculate on anything that I already know is true.

John Lounsbury

Sources:

  • FINMA is investigating possible manipulation of foreign currency exchange rates (Press release, Swiss Financial Market Supervisory Authority, 04 October 2013)
  • The Next Big Rate Manipulation Scandal Is About to Break (Shah Gilani, Wall Street Insights & Indictments, 07 October 2013)
Previous Post

Week Ending 07 October 2013: Almost a 6 Cent Gasoline Price Decline

Next Post

Ironies of New Social Movements

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

Ironies of New Social Movements

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect