The New York Times: Four of Wall Street’s biggest banks on Monday agreed to cooperate with New York regulators and retain copies of communications sent through the messaging platform known as Symphony.
The New York State Department of Financial Services has been concerned about the platform because it would allow traders to delete or encrypt information that could be used to track evidence of rigging schemes among traders at various banks. Messaging in chat rooms is believed to have figured prominently in schemes to manipulate global exchange rates and benchmark interest rates.
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Nowi360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Telephone: 202.760.2280
Toll Free: 855.i360.Gov
Fax: 202.697.5045
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Now