FOREIGN EXCHANGE MARKETS AND BANKS

Motion Text

That this House condemns the manipulation of the foreign exchange market by bankers at RBS, HSBC, Citibank, JP Morgan Chase and UBS; welcomes the decision by the Financial Conduct Authority to fine those banks £1.1 billion; and furthermore calls on the Government to regulate the foreign exchange market and all benchmarks that are used as the basis for fixed income, currency and commodity trading.