News Analysis: The Switzerland-based Financial Stability Board, which synthesizes the Group of 20 World’s Leading Economies, is attempting to create new regulations in a sparsely regulated area of Finance. The $5.3 Trillion Dollars a Day in Foreign Exchange is of obvious interest to plotters of Rate Fixing. Much like the London Inter-Bank Rate Scandal, this may even be larger in size.
Investors must realize that the “Morality of the Foreign Exchange Marketplace” is as developed as is a Hologram; pleasant to look at but of little substance.
Reality.
Reference: http://www.reuters.com/article/2014/01/24/us-markets-forex-benchmarks-idUSBREA0N1H920140124