Nov 12 El Financiero Report from London Isabel Camano

Financial regulators from the UK, US, and Switzerland have fined five banks a total of 2.7 billion euros for manipulating currency exchange rates between 2008 and 2013. The most heavily fined bank is UBS, followed by Citibank, JP Morgan Chase, Royal Bank of Scotland, and HSBC. Barclays is still negotiating with regulators. This fine surpasses the previous 584 million euro penalty for LIBOR manipulation. Legal actions will be pursued against individuals directly involved in the currency manipulation. The City of London handles 40% of daily currency transactions, amounting to approximately 5.4 billion euros.

¿Qué sucederá con los agentes que manipularon directamente los cambios de divisas?

¿Qué porcentaje de los movimientos diarios en el mercado de divisas se realiza en la City londinense?