FX benchmark probes leave buy side unconcerned
Buy-side firms remain committed to using foreign exchange benchmarks despite the growing scrutiny of the practice as numerous financial regulators have revealed in recent weeks they are investigating the alleged manipulation of benchmarks in the FX market.
The Monetary Authority of Singapore (MAS) yesterday became the latest regulator to reveal it was looking into the issue, following similar announcements by its UK, US and Swiss counterparts. "MAS has been in touch with foreign regulators on
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