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BNP Paribas Announces Settlement with the US Federal Reserve Regarding Activity in the FX Markets from 2007 to 2013

BNP Paribas Announces Settlement with the US Federal Reserve Regarding Activity in the FX Markets from 2007 to 2013

PARIS, Jul. 17 (Korea Bizwire) — BNP Paribas today announced a settlement with the Board of Governors of the Federal Reserve System (“FRB”) relating to past misconduct in its foreign exchange business. Under this settlement with the FRB, BNP Paribas will pay a fine of USD 246 million (approximately 215 million euros) which will be [...]

Nasdaq to Power EBS BrokerTec’s Market Surveillance Efforts

Nasdaq to Power EBS BrokerTec’s Market Surveillance Efforts

NEW YORK and LONDON, Feb. 16 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq:NDAQ) today announces that it has been competitively selected to deliver its SMARTS Market Surveillance technology to EBS BrokerTec, a NEX Group business that provides electronic trading technology and services to the fixed income and foreign exchange (FX) markets. SMARTS Market Surveillance will be integrated [...]

Seoul to Introduce Tighter FX Liquidity Guidelines in 2017

Seoul to Introduce Tighter FX Liquidity Guidelines in 2017

SEJONG, June 16 (Korea Bizwire) – South Korea said Thursday that it will apply tighter liquidity regulations on foreign exchange reserves to its banking operations starting next year to strengthen the liquidity positions of local financial institutions.   The Ministry of Strategy and Finance said that it will introduce the foreign exchange liquidity coverage ratio (LCR) [...]