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Finma bans six former UBS employees over FX rigging

A string of senior UBS employees were found to have acted in an improper manner by the Swiss regulator

Finma bans six former UBS employees over FX rigging

A Swiss regulator has temporarily banned six former UBS employees from the financial industry and reprimanded a handful of others, as global investigations into foreign-exchange rate manipulation move toward a close.

Finma, which reached a settlement related to foreign exchange manipulation with UBS in 2014, said on December 17 it has banned two of the bank's former foreign exchange managers from senior management positions at any institution under its supervision for between four and five years.

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