Germany: Financial authority forex probe ‘much bigger’ than Libor (Competition Policy International)

Germany’s financial regulator, known as Bafin, announced this week that it has discovered evidence of manipulation of the foreign exchange market and that its investigation is “much, much bigger” than that conducted into Libor benchmark manipulation.

The authority confirmed that its probe has widened to include even more banks and fines …read more

Source: Global Competition Law Blogs