A bank holding company agreed to pay a fine of approximately $110 million to settle charges of failing to supervise foreign exchange traders' communications and activities.
News & Insights
4 News Results
The Board of Governors of the Federal Reserve System is seeking to impose a fine and a permanent banking industry bar on a former head of a NY-based foreign exchange spot trading desk.
Federal Reserve Bank of New York Executive Vice President Simon Potter urged all foreign exchange market participants to adopt the FX Global Code.
The Board of Governors of the Federal Reserve System announced two enforcement actions against a foreign bank for "unsafe and unsound" activities in the foreign exchange markets, and for inadequacies in its Volcker Rule compliance program.