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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

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.


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