WMR scandal: Difference between revisions
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imported>Doug Williamson (Create page. Source: The Treasurer, September 2017, p38.) |
imported>Doug Williamson (Correct spelling.) |
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''Foreign exchange reference rates fixing'' | ''Foreign exchange reference rates fixing'' | ||
:''The Treasurer magazine, September/October 2017, p38 - Neill Penney, managing director and global head of trading, Thomson Reuters'' | :"... corporate treasurers were shocked when the FX market rate fixing (WMR) scandal broke in 2014, revealing that they had been paying over the odds for FX for several years due to a market that had been manipulated by traders at different banks, in a similar fashion to the Libor market where a false benchmark imposed extra costs." | ||
:''The Treasurer magazine, September/October 2017, p38 - Neill Penney, managing director and global head of trading, Thomson Reuters.'' | |||
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*[[Foreign exchange]] | *[[Foreign exchange]] | ||
*[[FX Global Code]] | *[[FX Global Code]] | ||
*[[LIBOR]] | |||
*[[WMR]] | *[[WMR]] | ||
[[Category:The_business_context]] | |||
[[Category:Ethics]] | |||
[[Category:Identify_and_assess_risks]] | |||
Latest revision as of 10:07, 26 February 2020
Foreign exchange reference rates fixing
- "... corporate treasurers were shocked when the FX market rate fixing (WMR) scandal broke in 2014, revealing that they had been paying over the odds for FX for several years due to a market that had been manipulated by traders at different banks, in a similar fashion to the Libor market where a false benchmark imposed extra costs."
- The Treasurer magazine, September/October 2017, p38 - Neill Penney, managing director and global head of trading, Thomson Reuters.
