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British watchdog to unveil plans to clean up financial markets

A review to focus on how to raise standards of behaviour among traders at banks and to suggest tougher sanctions
Monday, June 8, 2015 - 05:50

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Mr Wheatley says, for example, there was a need to determine more clearly when legitimate hedging in markets becomes abusive "front-running", where banks use information to trade on their own account ahead of customers.

London

BRITAIN'S regulators will unveil plans on Wednesday that aim to clean up behaviour in the financial markets, where banks have been fined billions of pounds for trying to rig currencies and interest rate benchmarks.

The Bank of England, Treasury and the Financial Conduct

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