Are emerging currencies manipulated?
Are the dozens of some of the world's largest banks in South Africa FX for a survey has examined about the manipulation of the value of the RAND.
Dozens of drug dealers in some of the world's largest banks, Bank of America, credit group Switzerland is search operator in South Africa has been designated to plan, currency, change the value of the Rand.
Operators, regulators say, manipulate the price of the Rand since at least since 2007, including Bank of America, Gavin · Swiss kitchen action group credit credit except illegal and Kelisituofudun, issued by the South African competition. Two men listed in this document, BNP Paribas, Jason Katz former employees and a former trader at Citigroup, Christopher Cummins, new markets of United States rates, including the manipulation of the currency RAND has pleaded guilty.
The Commission's competition case in the contest in Pretoria, provides for an investigation to decide on the ratings, the rate to be applied to the request corresponds to a court. Consists of a signboard and operation management at the edge of a fine at most banks.
This process should be familiar Thursday as soon as the source of most people because of the simple nature of the topic, with the antitrust case. Regulators fail to implement the action against the individual traders, but it's possible, they encourage operators to answer questions, move across the borders, the source said.
Recently, the largest bank in South Africa, the global market of $5 trillion to $100 billion a day, dealing with research generated more than $10 billion, as the product of Bloomberg to serve the notice concerning changes in 2013.
Alleged conspiracies
The competition needs "the conspiracy, the defendants realize these plans pricing and segmentation, formed the Committee" as a "serious and important injury" describes the behavior of South African legislation. "This conspiracy will adversely affect consumers because private competition benefits."
Cook, Bank of America and Hatton, head of Switzerland's credit, based in New York, not on the application immediately responded. Vanessa Neal, in London, a spokesman for credit Switzerland refused to make a statement. John Porte-parole, London, Bank of America, the word.
Current operators and ex-Standard Chartered, Macquarie Group, Barclays Bank, Deutsche Bank and JP Morgan Chase & co., which also has a "conspiracy" to chat, phone calls and meetings had falsified the document, he said.
New Standard Bank Group and the Australia and New Zealand Banking Group and other creditors named in the investigation, refused to talk about links with them. Citigroup and Barclays to avoid fines, along with supervisors, who said Thursday, sources close to the investigation of the group. Cases and is limited to a single operator who requested more information, the regulator said in a statement Friday.
