Are FX fines enough to bring change?

At the time of writing this we had just heard how four banks pled guilty to conspiring to fix prices and rig bids in the foreign exchange (FX) market. Helen Morrissey asks if the fines levied are enough to bring much needed change.

Helen Morrissey
clock

At the time of writing this we had just heard how four banks pled guilty to conspiring to fix prices and rig bids in the foreign exchange (FX) market.

Barclays, Citigroup, JP Morgan Chase and the Royal Bank of Scotland were all fined, with Barclays receiving the biggest fine of $2.4bn (£31.5bn). This includes a £284m penalty to be paid to the Fin...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

PRA launches consultation to enable insurers to accelerate UK investment

PRA launches consultation to enable insurers to accelerate UK investment

Framework looks to reduce barriers to enable insurers to benefit from investment opportunities

Martin Richmond
clock 16 April 2025 • 2 min read
UK inflation falls to 2.6% in March amid warnings of further price rises

UK inflation falls to 2.6% in March amid warnings of further price rises

CPIH at 3.4% in March, with inflation down from previous month's 2.8%

Sorin Dojan
clock 16 April 2025 • 2 min read
Nest Insight receives £1.5m commitment from The BlackRock Foundation

Nest Insight receives £1.5m commitment from The BlackRock Foundation

Commitment to help build on work to boost UK savings over the next three years

Holly Roach
clock 15 April 2025 • 1 min read
Trustpilot