Investment Banking

NY watchdog may exclude electronic trading from some forex settlements

Evaluation of electronic trading in forex for Deutsche Bank and Barclays could take months

NY watchdog may exclude electronic trading from some forex settlements

New York State Superintendent of Financial Services Benjamin Lawsky said evaluations of electronic trading may hold up foreign-exchange settlements for certain banks.

Lawsky, speaking at a Dow Jones risk and compliance conference Tuesday, said it could take the Department of Financial Services months to finish the electronic-trading focus on Barclays and Deutsche Bank.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump