No evidence of collusion in foreign exchange markets, ComCom finds

Mon, 07 Mar 2016

By Paul McBeth March 7 (BusinessDesk) - The Commerce Commission has finished looking into potential collusion among New Zealand's foreign exchange traders without unearthing any evidence that would warrant enforcement. The Wellington-based regulator launched an investigation into possible manipulation of currency markets in 2014 after a whistleblower looked to use the commission's leniency policy offering immunity to the first cartel member who comes clean, but isn't considering any further action after completing its probe, it said in a...

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