Swap reporting failures costs Soc Gen $450,000
Societe Generale failed to report FX swaps following a system update error.
Societe Generale failed to report FX swaps following a system update error.
Regulators have signed a memorandum of understanding to support companies based in the UK and US.
Barclays fined $500,000 for failing to produce confirmations on over a thousand trades.
CFTC in the US has found Deutsche Bank had shown an inability to comply with swap reporting requirements.