NY Regulator to Probe Deutsche Bank, Barclays Algorithms

The transcript discusses Benjamin Lawsky's shop in New York, which found evidence of algorithm trading manipulating benchmarks and foreign exchange. It highlights the importance of systematic protocols beyond rogue traders in rigging benchmark rates. The transcript also mentions potential conversations between Deutsche Bank and Barclays, which were excluded from a $4.3 billion settlement with regulators. Lastly, it notes that a monitor has been installed at Barclays, with plans for Deutsche Bank.

What was the outcome of the $4.3 billion settlement involving Deutsche Bank and Barclays?

What actions have been taken by Benjamin Lawsky's shop regarding monitoring at Barclays and Deutsche Bank?