CFTC releases no-action letters offering further relief for clearing organisations during Libor transition
The two no-action letters will offer swap transaction and pricing data reporting relief to clearing organisations transitioning to SOFR.
Tag: CFTC
JP Morgan hit with record $920 million penalty after admitting eight-year spoofing scheme
The US Department of Justice, CFTC, and SEC confirmed parallel actions against JP Morgan resulting in a record penalty for the years-long spoofing and manipulation activity.
Citi to pay $4.5 million penalty after subpoenaed trader audio files were deleted
A known design flaw in an audio preservation system at Citi saw 2.77 million audio files, some of which had been subpoenaed by the US CFTC, erased.
CFTC provides additional Libor transition relief to swaps participants
The latest no-action letters issues by the CFTC follow the regulator’s move to provide market participants relief in December.
Bank of Nova Scotia to pay $127 million in record spoofing settlement
US derivatives regulator said the settlement with Bank of Nova Scotia for spoofing and making false allegations is a record penalty.
Deutsche Bank in $10 million settlement for reporting violations and spoofing
The US derivatives watchdog said Deutsche Bank will settle two cases related to a technical outage of its swap reporting platform and alleged spoofing.
CFTC supports work from home efforts with regulatory relief measures
FIA has welcomed the CFTC’s rapid response to the coronavirus pandemic, which includes no-action relief from certain regulatory requirements.
DTCC loses former CFTC commissioner and key spokesperson from ranks
Former commissioner at the US regulator, and DTCC's head of global public policy, leaves to join US options exchange group.
CFTC issues ‘no-action’ letters to swaps market participants on Libor transition
Three divisions of the CFTC have issued ‘no action’ relief for firms active in the swaps market transitioning from Libor to alterative benchmark.
Goldman Sachs in $1 million settlement for audio recording failures
Goldman Sachs was found to have failed to record phone lines of trading and sales desks due to hardware error.