Foreign Exchange
(asked on 17th November 2014) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will takes steps to ensure that banks fined by the Financial Conduct Authority for improper trading on the FOREX exchange do not recover the fines from increased bank charges to customers of retail high street branches.
This question was answered on 24th November 2014
The Director of the Serious Fraud Office opened a criminal investigation into allegations of fraudulent conduct in the foreign exchange market in July 2014. The Government does not comment on ongoing investigations, so as not to prejudice these inquiries in any way.