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.
Tag: CFTC
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.
BGC to pay $3 million for voice trading and reporting violations
The CFTC found that BGC failed to capture voice trade communications over five years.
HFT Tower Research Capital in $67 million settlement for spoofing futures
Tower Research Capital will pay the largest settlement to date for a spoofing scheme which resulted in $33 million in market losses.
Inter-dealer brokers BGC and GFI in $25 million settlement for FX options fraud
BGC and GFI were accused of ‘flying’ and ‘printing’ fake FX options trades to deceive clients.