You are here

SEC the last hurdle in banks' forex pleas

But lenders' waiver demands may be difficult to negotiate after recent criticism of rubber stamping by US agency

BT_20150516_CPBLOCK16_1672177.jpg
AS IT STANDS: Many of the banks want an SEC waiver to continue operating as "well-known seasoned issuers" so they can sell stocks and debt efficiently, people familiar with the matter said.

Washington

BANKS want assurances from US regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with the matter

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom