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Swiss regulator launches global FX manipulation probe

Swiss regulator launches global FX manipulation probe

The Swiss financial regulator is investigating possible manipulation of foreign currency exchange rates, saying the probe potentially has global scope.

The Swiss Financial Market Supervisory Authority, Finma, said in a brief statement on Friday: ‘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.’

The move follows a recent wave of market manipulation probes, including the manipulation of Libor and global energy markets.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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