Citi clears first buy-side SONIA trade on CurveGlobal
CurveGlobal launched three-month Sterling Overnight Index Average (SONIA) futures earlier this year.
Tag: Libor
Ex-derivatives trader at Deutsche Bank fined £180k for Libor scheme
Former Deutsche Bank trader Guillaume Adolph fined £180,000 and banned from industry by the FCA.
Large legacy of contracts stutters Libor transition
Libor is in the process of being phased out and will be replaced by SONIA in April this year.
CurveGlobal adds SONIA futures contracts
SONIA futures contracts aim to facilitate the UK’s transition from the LIBOR benchmark.
FCA hands former RBS derivatives trader £250k fine
Neil Danziger has also been banned from the industry after manipulating Japanese Yen Libor submissions at RBS.
FCA to cut ties with Libor over next five years
FCA will no longer sustain Libor as bank submissions have not improved, according to chief executive, Andrew Bailey.
JP Morgan and Deutsche agree $148m rate rigging settlement
Investment banks agree to settle claims of yen Libor rigging, although did not admit any wrongdoing.
Improving your chat
Instant messaging technology got a bad rep during the recent rate fixing scandals. Will efforts to tighten up chat culture threaten Bloomberg's dominance in the market?
FCA sued by jailed Libor trader for ban
Tom Hayes was the first to be jailed for 11 years following appeals to his conviction for Libor manipulation.
Swiss regulator fines banks over rate rigging
The Swiss regulator handed out a total of CHF 99 million ($96.3 million) in fines to a group of banks.