Banque Havilland and three staff face contested fines over Qatari bond manipulation plan

Provisional fines have been given to Banque Havilland and three former employees for disseminating a document that contained "manipulative trading strategies" regarding Qatari bonds.

By Neasa MacErlean

The three men have all been provisionally banned for their role in developing the proposal which, says the FCA, aimed to harm the economy of Qatar by devaluing its riyal currency and breaking its peg to the United States dollar.