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LONDON, Feb 4 (Reuters) - Britain's financial watchdog saidit was unlikely that any conclusions will be reached this yearin its probe into potential manipulation of foreign exchangemarkets.
"I would be surprised if we got to conclusions within thisyear. I hope that we will next year," Financial ConductAuthority Chief Executive Martin Wheatley told UK lawmakers onTuesday.
"We are still in the investigation phase... The allegationsare every bit as bad as they have been with Libor," Wheatleyadded.
Banks including Barclays and UBS havebeen fined $6 billion for rigging Libor benchmark interestrates.
Wheatley said 10 banks have said they were cooperating withthe forex probe.
The FCA is also probing other benchmarks that were beingprobed, but Wheatley declined to name them.
