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U.K. hastens negotiations for currency-rigging settlement

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Chris Powell

GATA

Published : July 23rd, 2014

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	By Lindsay Fortado, Suzi Ring, and Gavin Finch Bloomberg News Wednesday, July 23, 2014 http://www.bloomberg.com/news/2014-07-23/u-k-...r-fx-rigging... LONDON -- Talks to reach the first settlement in the currency-rigging probe are accelerating, with Britain's markets regulator preparing to reach a deal with a group of banks this year, people with knowledge of the talks said. The Financial Conduct Authority is in talks with banks including Barclays Plc, Citigroup Inc., JPMorgan Chase & Co., and UBS AG, said the people, who asked not to be identified because the discussions are private. Royal Bank of Scotland Group Plc and HSBC Holdings Plc may also be part of the group settlement, one of the people said.

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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