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Who's afraid of a big, fat fine? Regulators need new bogeyman

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A guilty plea in the United States used to strike terror into bankers' hearts. Now that four of the six banks fined US$5.6 billion by US and UK regulators on May 20 for foreign exchange (FX) market manipulation have also pleaded guilty to criminal charges, regulators will need a new bogeyman.

London

A GUILTY plea in the United States used to strike terror into bankers' hearts. Now that four of the six banks fined US$5.6 billion by US and UK regulators on May 20 for foreign exchange (FX) market manipulation have also pleaded guilty to criminal charges, regulators will need a

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