The maverick New York regulator that humbled Standard Chartered over Iranian sanctions breaches has jumped into the global investigation into the suspected manipulation of foreign exchange markets.
The Department of Financial Services, a state regulator led by Ben Lawsky, a former federal prosecutor, has sent formal requests for information to more than a dozen banks in relation to an inquiry into the forex markets, including demands to see chat room exchanges and e-mails between traders, according to a source.
The banks include Goldman Sachs, Standard Chartered, Lloyds, Deutsche Bank, Credit Suisse, Barclays, Royal Bank of Scotland and Société Générale.
The list does not include Citigroup or JP Morgan, which have said that they are involved in forex inquiries being conducted by other authorities, because the