Plans are in place for a thorough investigation into the trading floors of investment banks throughout Europe.
Reuters reports industry watchdogs are targeting these areas because they are highly lucrative but have remained out of sight from other similar platforms.
In addition, investigators are to also focus on the practice of computerised trading, which is often cited as the cause of considerable market swings.
According to the news agency, lenders such as UBS, HSBC, Barclays, Credit Suisse and Deutsche Bank - which has been in operation since 1870 following licensing from the Prussian government - are able to make investment banking revenues of between 40 and 60 per cent due to the trading floors of fixed income, commodities and currencies alone.
One industry insider noted: "Everyone is in deep analysis and is having to revisit that analysis with each iteration of the leaked documents ... we have to make a prioritised list."
By Tony Aynsley
Profile Software, the international financial solutions provider, announced today the operational use of the omni-channel digital banking platform int...View article
A leading global investment bank and GBST client for more than 20 years, has upgraded to the latest version of Composer and completed a seamless 4-mon...View article
In an exclusive conversation with People Matters, the CEO of Maveric Systems talks about how the company’s business and people management priori...View article