Tuesday, September 30, 2014
UK Expands Its Probe into Foreign Exchange Manipulation to Save Itself
ANBOUND
While America is forcefully regulating the behavior of financial institutions, British Financial Conduct Authority has completed its probe into manipulation of foreign exchange. ANBOUND think tank scholars believe that England is doing this to preserve its role as the manager of global foreign exchange center. In respect of reorganizing the order of financial market, America is relatively active and aggressive since it has "American market" advantage and it focuses on regulating the market. While England might play a passive role since it lacks market depth. If the reorganization of market order is failed, it would probably have a great influence on the country.