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BaFin worried over scale of FX manipulation

German watchdog expects to conclude its investigation into possible misconduct by the end of next year

BaFin worried over scale of FX manipulation

Germany’s banking watchdog is concerned about the magnitude of attempted foreign-exchange manipulation at large domestic banks including Deutsche Bank and expects to conclude its investigation into possible misconduct by 2016.

The individual cases of attempted currency manipulation are nothing to be "relaxed about", Raimund Roeseler, head of bank regulation at BaFin, told The Wall Street Journal on August 11.

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