HKMA finds no evidence of FX fixing
But traders at StanChart and Deutsche Bank are singled out
The Hong Kong Monetary Authority (HKMA) in late December 2014 unveiled the results of its investigation into the manipulation of foreign exchange markets, finding no evidence of wrongdoing, even though the regulator discovered two cases where traders tried to influence the market.
The aim of the probe was to ascertain whether the 10 banks under investigation in Hong Kong had engaged in any rigging of FX benchmark fixings, collusion or other inappropriate activities during the period between 2008
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