Sentence examples for exchange benchmark from inspiring English sources
LONDON – Britain's financial regulator said on Wednesday that it was examining claims that traders at large banks manipulated some foreign exchange benchmark rates and that it might start an official investigation.
DealBook » British Regulator Looking Into Currency Rates Trades | The Financial Conduct Authority of Britain says it is looking into claims that traders at large banks manipulated some foreign exchange benchmark rates.
In June, Britain's financial regulator said it was examining claims that traders at large banks manipulated some foreign exchange benchmark rates and that it might start an official investigation.
Market regulators in Asia, Switzerland, the United Kingdom, and the United States began to investigate the $5 trillion-a-day foreign-exchange market after Bloomberg News reported in June 2013 that several of the world's largest currency trading banks had been front-running client orders and rigging the foreign exchange benchmark WM/Reuters rates by colluding with counterparts.
When the foreign exchange benchmarks are set, they are based on actual dealing prices on which trades are submitted.
The FCA is also working with regulators in Europe, Asia and the US to investigate claims of rigging of foreign exchange benchmarks by banks.
A growing number of cases are in digital commerce, such as e-books, and in finance, most recently interest-rate and foreign-exchange benchmarks.
Some of banking's biggest names stand accused of fiddling interest-rate and foreign-exchange benchmarks.The good news is that enforcement has got tougher, smarter and more co-ordinated.
At the EU level, this data provides possibilities for comparison, exchanging, benchmarking and learning from best practices.
The Bombay Stock Exchange's benchmark Sensitive Index has risen by more than 50percentt since April, hitting a three-year high.
In Tokyo, the region's largest stock exchange, the benchmark Nikkei 225 index was trading at an almost three-year low.
