Market Abuse

Market Abuse

Australia Regulators Probe Forex Moves Ahead of RBA Announcement

By Editors | 04/03/2015

The Reserve Bank of Australia has asked the Australian Securities and Investments Commission to investigate sharp movements in the Australian dollar in the minute before the March interest rates policy decision was announced on Tuesday afternoon.

Market Abuse

US Authorities Probe Big Banks’ Pricing of Metals

By Editors | 25/02/2015

US officials are investigating at least 10 major banks for possible rigging of precious-metals markets, the Wall Street Journal reported citing people close to the inquiries.

Market Abuse

Hong Kong Regulator Finds No Evidence of Market Rigging

By Editors | 19/12/2014

The Hong Kong Monetary Authority said it found no evidence of rigging in the city’s foreign exchange benchmark following an investigation into the operations of ten banks.

Market Abuse

‘Spoofing’: Don’t do the Crime If you Can’t Do The Time

By Peter Guy | 18/12/2014

US government tries to criminalise a high frequency trading tactic. Will computers be convicted?

Fraud, Scams & Cybercrime

Cyber Crime a Growing Focus for Regulators, Says ASIC’s Medcraft

By Editors | 26/11/2014

Australian Securities and Investments Commission chair Greg Medcraft said the threat of cyber crime was a growing focus for regulators around the world, and it had become a “fact of life” in the financial markets that it regulates.

Market Abuse

Biggest Fines in Financial History are Ill-Conceived

By Peter Guy | 24/11/2014

Unprecedented penalties for forex rate rigging are misdirected and will weaken banks’ risk management culture.

Market Abuse

India’s SEBI Approves New Insider Trading Rules

By Editors | 20/11/2014

India’s market regulator has approved tougher insider trading rules to promote transparency in the country’s stock market.

Market Abuse

Australia’s ANZ Suspends Traders Over Rate Rigging

By Editors | 19/11/2014

ANZ, one of Australia’s major banks, has suspended seven traders pending completion of an investigation into potential rigging of key interbank interest rates.

Market Abuse

Singapore Returns $8 Billion to Banks Involved in Rate Rigging

By Editors | 06/11/2014

The Monetary Authority of Singapore has returned S$10 billion ($8 billion) in fines it levied on 19 banks connected to the rigging of financial benchmarks and foreign exchange.