The ECB displays growing concerns of forex benchmarks

The European Central Bank has expressed its concerns regarding foreign currency benchmarks, stating that relying on one set of data to compile a benchmark, cannot guarantee its reliability.

The ECB's concerns come after the EU proposed a law to regulate market benchmarks after banks were fined for fixing the Libor rate. Regulators are also now probing related accusations regarding the currency markets.

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  • citigroup regnum
    , contributor
    Comments (94) | Send Message
    As indicated by a number if my posts via Facebook, Forex should be organized as a standard corporation ...
    18 Jun 2014, 05:03 AM Reply Like
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