Reports say investigation into gilts trading is not industry-wide despite recent criticism of regulator for dropping review into culture at major banksThe City regulator is investigating whether traders at Lloyds Banking Group manipulated the price of government bonds,in a sign that the authorities are continuing to seek out rigging of key markets.
Following a series of fines across the industry for rigging interest rates and foreign exchange markets, the Financial Conduct Authority has been asking Lloyds for information approximately trading in gilts.
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Source: theguardian.com