HSBC, Societe Generale, BNY Mellon and others fined $6 million for swaps violations
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
Tag: CFTC
Tullett Prebon to pay $13 million for swaps trading desk compliance failures
The CFTC said that Tullett Prebon’s voice brokers made false or misleading statements to clients related to certain trades, bids and offers in US dollar interest rate swaps.
Merrill Lynch fined $25 million for multi-year spoofing scheme
Merrill Lynch Commodities admitted the illegal activity following an investigation by the US Department of Justice and the CFTC.
Eurex to introduce ESG futures in the US
US regulators approve the launch of Eurex ESG futures which will be available to trade early next month.
UK and US sign post-Brexit derivatives trading and clearing agreement
Regulators have agreed on measures to provide a “bridge over Brexit” for derivatives trading and clearing in the UK and US.
Derivatives
The Big Interview: Chris Childs, CEO of DTCC Deriv/SERV
DTCC Deriv/SERV chief executive, Chris Childs, tells The TRADE about the role DTCC’s TIW played at the time of the financial crisis, and the progress made so far in establishing a global reporting framework for OTC derivatives.
CFTC adds four UK-based MTFs to SEF exemption list
With addition of four UK-based MTFs, the CFTC’s list of EU-based venues exempt from SEF registration now totals 20.
Commerzbank to pay $12 million for swaps dealing violations
The US CFTC found that Commerzbank failed to supervise its swap dealing activities and made misleading compliance statements to the regulator.
Former Deutsche Bank swaps trader fined $350,000 for trying to hide trading losses
Jacob Bourne, a swaps trader and managing director at Deutsche Bank, mismarked swaps valuations to try and conceal losses.
Former SEC head resigns from LSEG board to join Bloomberg
Mary Schapiro was chair of the SEC from 2009 to 2012 and joined LSEG as a non-executive director in 2015.