Saturday, July 5, 2025
21.7 C
London
HomeBankingCFTC: Fines Goldman Sachs $15 Million for Violating Swap Business Conduct Standards

CFTC: Fines Goldman Sachs $15 Million for Violating Swap Business Conduct Standards

Date:

Adyen Grows Partner Programme to Accelerate Global Payments Innovation

Adyen expands its partner ecosystem, empowering more platforms and...

Belgian Banks Become First in Eurozone to Go Live with Verification of Payee

Major Belgian banks adopt Verification of Payee to combat...

Hokkoku and Soft Space to Roll Out SoftPOS Tool Supporting Stablecoin Transactions

The partnership will enable merchants to accept stablecoin payments...

CFTC: Fines Goldman Sachs $15 Million for Violating Swap Business Conduct Standards

  • CFTC has issued an order against Goldman Sachs for violating Business Conduct Standards applicable to swap dealers
  • The violations include failure to disclose dozens of pre-trade-mid-market marks (PTMMM)
  • Goldman admitted to violating a regulation by failing to disclose accurate PTMMMs for nearly all “same-day”
  • The order imposes a $15 million civil monetary penalty on Goldman
  • The Business Conduct Standards aim to promote transparency and fairness in the swaps market
  • It will aggressively pursue swap dealers who violate these standards, according to Director of Enforcement Ian P. McGinley

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories