http://forexmagnates.com/fx-dealers-...-staff-access/
"According to the internal memo to staff, the bank’s executive committee informed employees that, “All social related chat rooms are prohibited and must be closed immediately,” and specified that,“Multibank and dealer chat rooms” are also banned, but that specific exceptions “for business critical use only,” would need approval by the executive committee member and compliance officer responsible for the specific business, according to the memo as confirmed by Bloomberg with a UBS spokesperson who reportedly concurred with the validity of the memo contents.The banning of staff from social-chat rooms and dealer-chat rooms follows recent crack-downs from Barclays, Royal Bank of Scotland (RBS) and Citigroup, in wake of the ongoing Forex probe in recent weeks narrowing in on such chats and alleged collusion tied to rate manipulation."
"According to the internal memo to staff, the bank’s executive committee informed employees that, “All social related chat rooms are prohibited and must be closed immediately,” and specified that,“Multibank and dealer chat rooms” are also banned, but that specific exceptions “for business critical use only,” would need approval by the executive committee member and compliance officer responsible for the specific business, according to the memo as confirmed by Bloomberg with a UBS spokesperson who reportedly concurred with the validity of the memo contents.The banning of staff from social-chat rooms and dealer-chat rooms follows recent crack-downs from Barclays, Royal Bank of Scotland (RBS) and Citigroup, in wake of the ongoing Forex probe in recent weeks narrowing in on such chats and alleged collusion tied to rate manipulation."
by InformedTrades via InformedTrades
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