Julie Ros – Page 131 – Foreign Exchange Professionals Association

December 31, 2014 Julie RosglobalFXsource0

December 31, 2014 – BP Probes In-House Foreign Exchange Traders

Top Headlines

BP Probes In-House Foreign Exchange Traders – Financial Times (subscription)
BP is investigating whether in-house financial traders at the oil and gas group were involved in a foreign exchange manipulation scandal that has led regulators to levy $4.3 billion in fines on six banks.

BP Dragged Back into FX Probe – Profit & Loss (subscription)
BP Examined its Own Foreign Exchange Trading – Wall Street Journal (subscription)
BP Says Reviewed Forex Desk in Light of Regulatory Probe – Reuters
BP Investigated Forex Traders Amid ‘Cartel’ Fixing Claims – the Telegraph
FX Investigation Not Limited to Banks, as BP Looks at its Forex Traders – LeapRate

December 30, 2014 Julie RosglobalFXsource0

December 30, 2014 – The Cartel: How BP Used a Secret Chat Room for Insider Tips

Top Headlines

The Cartel: How BP Used a Secret Chat Room for Insider Tips – Bloomberg
Traders at BP regularly received valuable information from counterparts at some of the world’s biggest banks – including tips about forthcoming trades, details of confidential client business and discussions of stop-losses, the trigger points for a flurry of buying or selling – according to four traders with direct knowledge of the practice.
Read More

December 30, 2014 Julie RosglobalFXsource0

December 29, 2014 – Bonuses of 18 RBS Employees on Hold Due to FX Review

Top Headlines

Bonuses of 18 RBS Employees on Hold Due to FX Review – Profit & Loss (subscription)
The Royal Bank of Scotland (RBS) has suspended the bonuses of 18 individuals pending the outcome of its review into the failings of its foreign exchange business, as per the UK regulatory watchdog’s instruction.

December 23, 2014 Julie RosglobalFXsource0

December 23, 2014: UK Regulator to Police Seven More Benchmarks

Top Headlines

UK Regulator to Police Seven More Benchmarks – Financial Times (subscription)
The Financial Conduct Authority is to formally regulate a set of currency, fixed income and commodity benchmarks in the wake of the scandal over attempted manipulation of key rates for bank lending and foreign exchange.

December 22, 2014 Julie RosglobalFXsource0

December 22, 2014 UK Government Confirms FX Manipulation Will be Made a Criminal Offence

Top Headlines

UK Government Confirms FX Manipulation Will be Made a Criminal Offence – Profit & Loss (subscription)
The UK’s Chancellor of the Exchequer George Osborne has confirmed the government will be making manipulation of FX benchmarks a criminal offence, punishable by up to seven years in prison.

December 19, 2014 Julie RosglobalFXsource0

December 19, 2014: HKMA Uncovers Failed Attempts at Currency Manipulation in Probe

Top Headlines

HKMA Uncovers Failed Attempts at Currency Manipulation in Probe – Bloomberg

The Hong Kong Monetary Authority said its year-long investigation into the city’s currency market uncovered attempts to manipulate exchange rates, though there was no collusion between banks.

December 17, 2014 Julie RosglobalFXsource0

December 17, 2014: FX platforms Halt Ruble Trade as Banks Wary of Capital Controls

Top Headlines

FX platforms Halt Ruble Trade as Banks Wary of Capital Controls – Reuters

Retail currency trading platforms halted trading in rubles, citing growing signs of stress among the banks that underpin trade in the battered Russian currency.

December 6, 2014 Julie RosNews0

Foreign Exchange Professionals Association Welcomes Five New Member Firms

WASHINGTON, DC, December 8, 2014 – The Foreign Exchange Professionals Association (FXPA) is pleased to announce the addition of five institutional members. Bloomberg Tradebook Services, Cürex, FastMatch, Nasdaq and Singapore Exchange (SGX) have joined FXPA’s Founders’ Council and become members of the initial Board of Directors.
Read More

November 12, 2014 Julie RosNews0

FXPA Comments on FX Settlements

The Foreign Exchange Professionals Association (FXPA) supports fair, efficient and transparent markets in all aspects of price discovery, execution, and clearing. The smooth functioning of the global FX market is critical to the entire financial system. As an organization that was created to represent the breadth of the FX marketplace, including banks, buy-side firms, and end-users, we recognize the importance of ensuring the market’s integrity and credibility. The important thing to do now is for all participants to come together and work with regulators in the US and globally to ensure sound markets based on integrity.

November 8, 2014 Julie RosNews0