FCA and CFTC join forces on FinTech
FinTech agreement is the first of its kind between US and UK financial authorities.
Tag: CFTC
Deutsche Bank, UBS and HSBC incur $46 million penalty for spoofing
Three major investment banks allegedly carried out various frauds and spoofing on precious metals futures contracts.
EU and US reach agreement on derivatives trading ahead of MiFID II
Decision means banks and traders can use US venues to trade derivatives in compliance with MiFID II.
CFTC chairman warns EU to stay off clearing turf
CFTC's Giancarlo stated stricter rules on overseeing non-EU clearing houses will damage US derivatives markets.
Reporting software failures sees Morgan Stanley fined in the US
Morgan Stanley has been fined a total of $350,000 after the CFTC found it had omitted data from its Large Trader reports.
Morgan Stanley fined $500k for overcharging clients
Clients of Morgan Stanley were overcharged more than $1.5 million for exchange and clearing fees.
Citi fined $550k for swap data reporting failures
Citi failed to correctly report LEIs for tens of thousands of swap transactions.
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.
US and Europe review derivatives reporting frameworks
Regulators hope to streamline and improve the quality of derivatives data being reported.
CME gets go-ahead for OTC FX options clearing
The Commodity Futures Trading Commission approves CME’s application to clear OTC FX options.