Expanded investigation could delay some FX settlements

April 21, 2015 6:55 PM

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An expanded review of electronic trading could delay final foreign exchange settlements with two major banks, a New York financial regulator said Tuesday.

Benjamin Lawsky, superintendent of New York's Department of Financial Services, said his office is examining electronic foreign exchange trading at German banking giant Deutsche Bank and British-based Barclays. The examinations could last months, Lawsky said during a Dow Jones financial conference.

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