Japanese bank fined for spoofing treasury and Eurodollar futures
Bank of Tokyo-Mitsubishi informed the CFTC one of its traders had engaged in spoofing activity.
Regulation
JP Morgan joins ESMA’s systematic internaliser database
The EU financial regulator’s systematic internaliser database is seemingly growing as the MiFID II deadline looms.
FCA study highlights dark trading cap problems
Dark trading negatively affects the market at 11% and 17% of market turnover, yet MiFID II’s proposed dark pool caps are set at 4% and 8%.
JP Morgan, Citi and Deutsche fined $4.75m for access violations
FINRA, Nasdaq, Bats and NYSE pursued action against firms for violating market access rules in the US.
FCA to cut ties with Libor over next five years
FCA will no longer sustain Libor as bank submissions have not improved, according to chief executive, Andrew Bailey.
Convicted ex-Schroders trader to pay £350k
Damian Clarke must pay fine within three months or face a further three years in prison.
Barclays prices unbundled research at up to £350k
Pricing plan reveals huge potential costs of buying research under MiFID II.
JP Morgan and Deutsche agree $148m rate rigging settlement
Investment banks agree to settle claims of yen Libor rigging, although did not admit any wrongdoing.
How not to approach FinTech regulation
European regulators are not aligned with their global counterparts and could be holding back the potential of blockchain technology with their misunderstandings and misconceptions, says Joshua Satten, director, FinTech Practice, Sapient Global Markets.
Blog: MiFID II could put a dampener on your holiday
The summer holiday season is here but it may not be summer as we know it.