Swiss regulator investigates possible FX rate rigging

FXstreet.com (London) - The Swiss financial regulator, FINMA, has announced today that it is investigating possible manipulation of FX rates.

In a short press release, FINMA said:
“FINMA is currently conducting investigations into several Swiss financial institutions in connection with possible manipulation of foreign exchange markets. FINMA is coordinating closely with authorities in other countries as multiple banks around the world are potentially implicated. FINMA will give no further details on the investigations or the banks potentially involved.”