# Prof. Rosa Abrantes-Metz on the currency-rigging settlements for 6 large banks

1 Faculty News May 20, 2015 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/videos/2015-05-20/doj-clamps-down-on-currency-manipulation-by-banks) -- "I think this settlement will show that authorities are serious about deterring future behavior. I think that part of changing future behavior is also a lot of the changes that have happened with respect to how benchmarks are set. The reality is that benchmarks are easy targets - they're very easy to manipulate, nobody was looking, and the gains were humongous."

[Read more](http://www.bloomberg.com/news/videos/2015-05-20/doj-clamps-down-on-currency-manipulation-by-banks)