Bafin says forex probe shows clear attempts to manipulate prices

FRANKFURT Tue May 20, 2014 6:24am EDT

Related Topics

FRANKFURT May 20 (Reuters) - An international regulatory probe into banks' practices in foreign exchange trading shows there were efforts to manipulate prices, the head of banking supervision at German market watchdog Bafin said on Tuesday.

Speaking at Bafin's annual news conference, Raimund Roeseler said the investigation's revelations so far were "disturbing."

The probe was ongoing and would not be completed this year, he said. (Reporting by Jonathan Gould and Thomas Atkins)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.