U.K. Financial Conduct Authority News Conference On Foreign Exchange Rate Rigging Fines

Martin Wheatley, chief executive officer of the U.K. Financial Conduct Authority (FCA), speaks during a news conference following an announcement by the FCA, the Commodity Futures Trading Commission and the Swiss Financial Market Supervisory Authority, about penalties given to five banks following a global foreign-exchange rigging probe, in London, U.K., on Wednesday, Nov. 12, 2014. The FCA said its fines relate to "ineffective" controls at UBS AG, Citigroup Inc., JPMorgan Chase & Co., Royal Bank of Scotland Group Plc, and HSBC Holdings Plc, between Jan. 1, 2008 and Oct. 15, 2013 that allowed the banks to put their "interests ahead of those of their clients, other market participants and the wider U.K. financial system." Photographer: Matthew Lloyd/Bloomberg via Getty Images
Martin Wheatley, chief executive officer of the U.K. Financial Conduct Authority (FCA), speaks during a news conference following an announcement by the FCA, the Commodity Futures Trading Commission and the Swiss Financial Market Supervisory Authority, about penalties given to five banks following a global foreign-exchange rigging probe, in London, U.K., on Wednesday, Nov. 12, 2014. The FCA said its fines relate to "ineffective" controls at UBS AG, Citigroup Inc., JPMorgan Chase & Co., Royal Bank of Scotland Group Plc, and HSBC Holdings Plc, between Jan. 1, 2008 and Oct. 15, 2013 that allowed the banks to put their "interests ahead of those of their clients, other market participants and the wider U.K. financial system." Photographer: Matthew Lloyd/Bloomberg via Getty Images
U.K. Financial Conduct Authority News Conference On Foreign Exchange Rate Rigging Fines
PURCHASE A LICENSE
How can I use this image?
$499.00
USD

DETAILS

Restrictions:
Contact your local office for all commercial or promotional uses.For editorial use only. Additional clearance required for commercial or promotional use, contact your local office for assistance. Any commercial or promotional use of Bloomberg content requires Bloomberg's prior written consent.
Credit:
Bloomberg / Contributor
Editorial #:
458848008
Collection:
Bloomberg
Date created:
November 12, 2014
Upload date:
License type:
Release info:
Not released. More information
Source:
Bloomberg
Object name:
UK FCA FOREX
Max file size:
4000 x 2643 px (13.33 x 8.81 in) - 300 dpi - 3 MB