Tag: ISDAFIX benchmark

SFC fines
September 19, 2018 BY Valentina Kirilova

NEX Group subsidiary reaches ISDAfix settlement with CFTC

The Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against ICAP Capital Markets LLC (ICAP), now known as a NEX Group plc (LON:NXG) subsidiary company Intercapital Capital Markets LLC (ICAP), for, by and through certain of its brokers, aiding and abetting numerous attempts by several of its bank clients to manipulate…

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February 03, 2017 BY Valentina Kirilova

CFTC orders the Royal Bank of Scotland to pay $85 million for attempted manipulation of U.S. dollar ISDAFIX benchmark swap rates

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and settling charges against The Royal Bank of Scotland plc (RBS) for attempted manipulation of the ISDAFIX benchmark and requiring RBS to pay an $85 million civil monetary penalty. The CFTC Order finds that over a five-year period, beginning in January 2007 and continuing…

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