Posts tagged 'Richard Usher'

Who let the regulatory clowns out? (Updated)

This post has been substantially revised in the wake of an internal discussion here at the FT…

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Close readers will recall that just earlier this week we were pondering the case of one Richard Usher, formerly chief FX dealer for JP Morgan in London. His mangled remains were found under the proverbial publicity bus that is the official regulatory investigation into the supposed fixing of the daily WM/Reuters forex price fix, which is currently underway on both sides of the Atlantic. It seemed a shame to us that someone had been executed, professionally, for simply being in possession of an alleged Skype chat, therein containing some colourful banter. Especially when no evidence of said Skype chat had yet been presented.

It looked to us like someone, almost certainly in regulatory circles, was trading Usher’s name for political gain.

But now we’re confused. Read more

One Richard Usher, thrown under the regulator’s PR bus

He’s dead, of course, professionally. Former chief FX dealer for JP Morgan in London, Richard Usher. Bloomberg has the glee:

…wrote instant messages while he was at Royal Bank of Scotland Group Plc (RBS) that U.K. regulators are scrutinizing as part of their investigation of alleged currency manipulation, two people with knowledge of the matter said. Read more