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German regulator sees only scattered, individual efforts to manipulate gold price
German Watchdog Sees No Signs of Gold, Forex Manipulation
By Thomas Atkins
Reuters
Tuesday, January 27, 2015
FRANKFURT, Germany -- Investigators at German financial watchdog Bafin have not discovered any signs of systemic efforts to manipulate currency benchmarks, rather, only individual efforts, banking supervisory head Raimund Roeseler said in a newspaper interview today.
In addition, Bafin is preparing to close its gold probe after not uncovering any signs of attempted benchmark price manipulation, Roeseler told daily Handelsblatt.
"We don't have the impression that there was a system behind the (currency) manipulation. Rather, it was simply the greed of individuals or groups in the most diverse places," he said.
Those places include Singapore, South America, Russia, and Poland, he said.
"Sometimes it wasn't even clear whether those being investigated really manipulated or whether they were simply boasting that they could do so," he said. ...
... For the remainder of the report:
http://www.reuters.com/article/2015/01/27/us-fx-investigation-bafin-idUS...
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