Standard Chartered said to put senior dealer on leave during probe

Standard Chartered Shanghai Towers

Standard Chartered put one of its most senior foreign-exchange dealers on leave as regulators probe possible manipulation in currency markets, a person with knowledge of the matter said.

Bloomberg reports that the allegations don’t relate to his work at Standard Chartered, said the person, who asked not to be identified because the move hasn’t been made public.

The dealer previously worked at Barclays and UBS.

Regulators are scrutinizing an instant message group used by senior dealers at firms including Barclays, Citigroup, Royal Bank of Scotland and UBS to outline details of their positions and client orders, as well as make trades before key benchmarks were set, two more people with knowledge of the discussions said.

Investigators are weighing whether those talks amounted to attempts to manipulate the market, two people said. None of the traders involved have been accused of any wrongdoing.

To access the complete Bloomberg article hit the link below

Standard Chartered Said to Put Currency Dealer on Leave

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image: © Standard Chartered

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