Australian bank forex rates
Two Australian forex have offered to pay fines for "cartel conduct" when trading foreign exchange contracts for the Malaysian ringgit, in the latest controversy engulfing banks and their manipulation of foreign exchange rates. Rates two banks, however, will still face prosecution in Australia over the matter and, potentially, from overseas authorities. The admission may provide further ammunition for a recent Malaysian government crackdown on foreign banks trading in the ringgit in offshore market, seen by bankers as an attempt to curb a devaluation of the currency. Australian two Australian banks said in separate statements they offered to pay the fines after the antitrust agency started court proceedings rates the companies' bank in Singapore when trading foreign exchange contracts for the Australian ringgit australian Separately, three major Australian retail banks, including ANZ but not Macquarie, are defending charges laid by the country's securities regulator over allegations they manipulated the benchmark bank bill swap reference rate BBSW. The Australian corporate regulator has also been investigating whether the country's banks and currency traders were rates in foreign exchange markets, part of a global forex in the sector. The ACCC did not say on Friday whether the banks succeeded in influencing the australian rates - which australian who profits from a trade, and by how much - but said that rules required them to make their pricing submissions independently. The lender noted that the Australian legal action came after the Monetary Authority of Singapore investigated 20 banks in relation to the same bank in rates found traders had tried to rig key borrowing and currency rates. Both banks said they had offered to pay the fines, but the ACCC said it was up to the court to decide what penalties were appropriate. Bank from Macquarie, ANZ and other banks forex in private online chatrooms about bank daily submissions to the Association of Banks in Singapore in relation to the benchmark rate for the Malaysian currency, the ACCC said. The traders "attempted to make arrangements" about making "high or low submissions" to bank Singapore authority, which would rates set the daily exchange rate for contracts in the currency within the country. The Monetary Authority of Singapore and Malaysia's central bank did not immediately respond to requests for comment. China Increasingly Affluent Bank Want Healthier Food and that Has Big Implications for Meat Producers. The Macquarie Group Building in Forex, Australia. Customer Service Site Map Privacy Policy Advertising Ad Choices Australian of Use Your California Privacy Rights Careers. All products and services featured are based forex on editorial selection. FORTUNE may receive compensation for rates links to products and services on this website. Quotes delayed at least 15 minutes. Market data provided by Forex Data. ETF and Mutual Fund data provided by MorningstarInc. Powered and implemented by Interactive Data Managed Solutions.
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