Charlotte Moore considers why pension schemes need to pay more attention to foreign exchange markets
PP looks at how UK attempts to replicate US-style class actions can help schemes
The introduction of US-style class actions in the UK next month could enable schemes to seek damages collectively from bank manipulation of Libor and foreign exchange (FX).
At the time of writing this we had just heard how four banks pled guilty to conspiring to fix prices and rig bids in the foreign exchange (FX) market. Helen Morrissey asks if the fines levied are enough to bring much needed change.
PP looks at the investigation that led to four banks pleading guilty to criminal charges over FX manipulation
UK and US watchdogs have fined six global banks more than $5.6bn (£3.6bn) after four of them admitted manipulated foreign exchange (FX) markets.
Merseyside Pension Fund has reduced its foreign exchange (FX) costs by up to 50% after using independent reference rates to identify hidden fees.
Schemes that lost money through manipulation of the foreign exchange (FX) markets can start filing lawsuits following a regulatory decision to fine several banks, according to a lawyer.
The Financial Conduct Authority (FCA) has fined five banks a total of £1.1bn following its investigation into alleged foreign exchange market manipulation in a scandal that cost schemes billions
The Bank of England (BoE) has launched its biggest ever review into the fixed income, currency and commodities (FICC) markets following a string of recent scandals.