Oonagh McDonald
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A rapidly changing foreign exchange market
in Holding bankers to account
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This chapter shows how much the foreign exchange market has changed and developed over the years. It also reveals what goes on behind the scenes when buying foreign exchange at a bureau de change, paying bills to a company in another country or booking a hotel using a credit card on the internet or by telephone. The days of noisy trading floors where dealers shouted at each other have long gone, replaced by computers and people tapping at keyboards or talking quietly to each other. When did the foreign exchange market start to change and why does it matter?

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Holding bankers to account

A decade of market manipulation, regulatory failures and regulatory reforms


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