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: swaps
London retains top share of $6.6 trillion global currency markets amid US decline
Global currency markets reach $6.6 trillion as share in the UK increases, but turnover in the US declines, according to BIS triennial FX survey.
Citi claims over a quarter share of cleared swaps market
Citi’s client cleared swaps margin stood at over $28 billion in the second quarter of the year, representing 27% of the total amount of margin posted for the US swaps market.
FX trading volumes reach record highs in the UK
FX turnover in the UK reached record highs, as North America sees sharp decrease over the same period.
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.
Deutsche Boerse and 360T launch new FX market data service
German exchange group continues FX growth with new market data service from 360T.
CFTC chairman targets cross-border swaps regulatory reform
Christopher Giancarlo, head of the CFTC, has long-been a critic of swaps trading rules in the US.
Swaps drive new FX trading record in London
Average daily FX turnover in the UK hits new highs in April according to data from the Bank of England.
Looser swaps trading rules could boost volumes by up to 20%
Greenwich Associates lays out potential benefits to ease of restrictions on swaps trading and SEFs in the US.
Start-up Sef trueEX takes larger slice of swaps trading pie
trueEX recorded the second highest Sef volumes across all platforms for the first half of year.