Understanding Forex manipulation
By Stephen Critchley and Robert Andrews
Following on the heels of the LIBOR manipulation scandal, the latest allegation levelled at the banks is that they conspired to manipulate foreign exchange rates. This has been covered in the news but, given the complexity of the allegations, rarely is it adequately explained.
We describe below in simple terms: what the alleged manipulation is; who may have suffered from it; and the ongoing investigations into it.
In what ways is it alleged the Forex market has been manipulated? The Forex market sees trades of more than $5tn (£3tn) per day. Around 80 per cent of this market is controlled by 10 large institutions. Four banks — Deutsche, Citi, Barclays and UBS — have a combined market share of around 50 per cent…
Click on the link below to read the rest of the Collyer Bristow briefing.
News from Collyer Bristow
News from The Lawyer
Briefings from Collyer Bristow
One in 10 ex-partners have threatened to expose risqué images of their ex-partner online, with around 20 sites operating in the UK where people can view revenge porn images.
The US Supreme Court has agreed to hear an appeal by plaintiffs whose antitrust claims over LIBOR manipulation were dismissed last year.