Traders in Forex Rigging Should Face Consequences, Cameron Says
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U.K. Prime Minister David Cameron said there should be “consequences” for traders involved in fixing foreign-exchange markets after six banks were fined a record $4.3 billion.
Regulators in the U.S., Britain and Switzerland levied the penalties this week in the first settlements since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year. In the U.K., the Financial Conduct Authority fined five firms an unprecedented 1.1 billion pounds ($1.7 billion).