Senior Standard Chartered FX trader said resigns

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A senior currency dealer at Standard Chartered, who was put on leave last year as regulators investigated allegations of global currency market rigging, has resigned from the bank, a source familiar with the matter said on Wednesday.

Reuters reports that Matt Gardiner worked at Swiss bank UBS for two years. He moved to Standard Chartered last September but was placed on leave a month later. A source at Standard Chartered said the move was 'completely unrelated' to his activities after joining the bank.

There is no suggestion that Gardiner has been involved in any wrongdoing.

Authorities including the U.S. Department of Justice (DoJ), Britain's Financial Conduct Authority (FCA) and watchdogs in Germany and Switzerland are examining allegations of collusion between senior traders at big banks to manipulate benchmark currency rates.

London is the hub of the global currency market, accounting for some 40% of the $5.3tril traded on an average day.

To access the complete Reuters article hit the link below:

Standard Chartered FX trader Gardiner resigns

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