RBS Said to Give Currency Trader’s Chats to FCA Amid Probe
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Royal Bank of Scotland Group Plc has handed over records of instant messages to U.K. regulators after concluding a former currency trader’s communications with counterparts at other firms may have been inappropriate, according to two people with knowledge of the matter.
The messages related to the dealer’s trading positions, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The trader had left the Edinburgh-based bank before the investigation, and his departure was unrelated to the probe, the people said. Stewart Todd, a spokesman for the U.K.’s Financial Conduct Authority, declined to comment on the communications.