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July 29 (Reuters) - New York's banking regulator wantsgovernment monitors placed in the U.S. offices of Deutsche BankAG and Barclays Plc as part of itsinvestigation into the foreign-exchange market, the Wall StreetJournal reported.
The New York Department of Financial Services notifiedlawyers for the European banks this month that it wanted toinstall a monitor inside each firm, based on preliminaryfindings in the agency's probe, the Journal said, citing peoplefamiliar with the matter. (http://on.wsj.com/UzWqy1)
The state regulator this year joined a global probe intopossible manipulation of the $5.3 trillion-a-day currencymarket.
The New York investigators expect to reach an agreement soonwith the banks to install on-site monitors, the Journal said.
Deutsche Bank and Barclays have been selected to hostmonitors because data collected point to the greatest potentialproblems there, the Journal said.
Barclays declined to comment and Deutsche Bank did notaddress questions about monitors.
"The bank is cooperating with those investigations, and willtake disciplinary action with regards to individuals ifmerited," a Deutsche Bank spokeswoman said in an email toReuters.
A spokesman for the regulator was not immediately available. (Reporting by Avik Das in Bangalore)
