The FCA has requests an increased budget as it steps up the fight against the manipulation of key benchmarks
The UK Financial Conduct Authority (FCA) has requested an
increased budget as it steps up the fight against the
manipulation of key benchmarks in the financial markets,
writes Joe Parsons.
The UK watchdog plans to focus on how firms can reduce the
risk of traders rigging industry benchmarks as part of its
business strategy for the new financial year.
In order to achieve its goals, the FCA increased its budget
request by £14.3m to £446.4m.
As part of its strategy, the market regulator will conduct a
forward looking thematic review on whether firms have learnt
lessons from the London Interbank Offered Rate (Libor) rigging
scandal and other recent controversies surrounding financial
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