Righting the wrong
14 December 2015
Executives and shareholders of banks will be keen to mitigate the ongoing market manipulation claims
Some of the world’s largest banks have paid the price for market manipulation, with fines to regulators amounting to billions of dollars. The true fall out from benchmark manipulation scandals relating to Libor, Forex and Isdafix will become clear once the outcomes of civil claims, competition-based investigations and employment tribunals are known.
On the one hand, in-house audit, risk and compliance teams of financial institutions will continue to monitor and mitigate the need to make...
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