RBS Reportedly Passed Currency Trader’s Instant Messages To FCA

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Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) (AMS:RBS) has reportedly passed its currency trader’s instant messages to UK’s Financial Conduct Authority. The instant messages pertain to RBS’ former currency trader’s trading positions. Gavin Finch & Liam Vaughan of Bloomberg reports, citing known sources. Traders at RBS reportedly rigged forex rates Earlier, it was reported dealers colluded with counterparts to boost chances of moving forex rates. Britain’s market supervisor, The Financial Conduct Authority, has been working to review the integrity of benchmarks, including those used in valuing derivatives and commodities. Three lenders were fined about $2.5 billion for rigging the London interbank…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports