HKMA finds signs of forex manipulation at banks


The Hong Kong Monetary Authority (HKMA) today unveiled the results of its investigation into foreign exchange market manipulation, finding patchy evidence of wrongdoing.

Although there was "no evidence" of collusion among banks, the HKMA found two cases in which traders had tried to influence the market.

A Hong Kong-based trader with Standard Chartered was found to have requested a colleague make trades to influence an unidentified "Asian currency" benchmark fixing. There was, however, "insuffic

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: