{ "version": "https://jsonfeed.org/version/1.1", "title": "Market Manipulation: FX fixing enforcement actions", "home_page_url": "https://marketmanipulation.org/cases/technique/fx-fixing/", "feed_url": "https://marketmanipulation.org/feeds/technique/fx-fixing.json", "description": "The 9 most recent enforcement records tagged fx fixing in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges.", "language": "en-US", "items": [ { "id": "https://marketmanipulation.org/cases/cftc-of-attempted-manipulation-benchmark-submission-rigging-2015/", "url": "https://marketmanipulation.org/cases/cftc-of-attempted-manipulation-benchmark-submission-rigging-2015/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/7181-15", "title": "CFTC v. Barclays Bank PLC (FX benchmark manipulation, 2015)", "summary": "In May 2015 the CFTC issued an order settling charges against Barclays Bank PLC for attempted manipulation and false reporting of global FX benchmark rates, and for aiding other banks' attempts, imposing a $400 million penalty. The same day it took a separate ISDAFIX action against Barclays, recorded separately.", "date_published": "2015-05-20T00:00:00.000Z", "tags": [ "CFTC", "benchmark-submission-rigging", "fx-fixing", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/fca-barclays-bank-plc-fx-fixing-2015/", "url": "https://marketmanipulation.org/cases/fca-barclays-bank-plc-fx-fixing-2015/", "external_url": "https://www.fca.org.uk/publication/final-notices/barclays-bank-plc-may-15.pdf", "title": "FCA v. Barclays Bank PLC (FX benchmark manipulation, 2015)", "summary": "In May 2015 the FCA fined Barclays Bank PLC £284,432,000 for failing to control its London FX business between 2008 and 2013, which allowed traders to attempt to manipulate the WMR and ECB fix rates in collusion with traders at other firms.", "date_published": "2015-05-20T00:00:00.000Z", "tags": [ "FCA", "fx-fixing" ] }, { "id": "https://marketmanipulation.org/cases/cftc-of-manipulation-benchmark-submission-rigging-2015/", "url": "https://marketmanipulation.org/cases/cftc-of-manipulation-benchmark-submission-rigging-2015/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/7159-15", "title": "CFTC v. Deutsche Bank AG (LIBOR and Euribor manipulation, 2015)", "summary": "In April 2015 the CFTC issued an order settling charges against Deutsche Bank AG for false reporting, attempted manipulation and at times successful manipulation of U.S. dollar, yen, sterling and Swiss franc LIBOR and Euribor, imposing an $800 million penalty, the largest in CFTC history to that date, alongside related Justice Department actions.", "date_published": "2015-04-23T00:00:00.000Z", "tags": [ "CFTC", "benchmark-submission-rigging", "fx-fixing", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/cftc-five-banks-benchmark-submission-rigging-2014/", "url": "https://marketmanipulation.org/cases/cftc-five-banks-benchmark-submission-rigging-2014/", "external_url": "https://www.cftc.gov/PressRoom/PressReleases/7056-14", "title": "CFTC v. Citibank, HSBC, JPMorgan, RBS and UBS (FX benchmark manipulation, 2014)", "summary": "In November 2014 the CFTC issued five orders settling charges against Citibank N.A., HSBC Bank plc, JPMorgan Chase Bank N.A., The Royal Bank of Scotland plc and UBS AG for attempting to manipulate global FX benchmark rates, including the WM/Reuters closing spot rates, by coordinating trading with other banks in private chat rooms. The orders impose over $1.4 billion in penalties: $310 million each for Citibank and JPMorgan, $290 million each for RBS and UBS and $275 million for HSBC.", "date_published": "2014-11-12T00:00:00.000Z", "tags": [ "CFTC", "benchmark-submission-rigging", "fx-fixing", "price-manipulation" ] }, { "id": "https://marketmanipulation.org/cases/fca-citibank-n-a-fx-fixing-2014/", "url": "https://marketmanipulation.org/cases/fca-citibank-n-a-fx-fixing-2014/", "external_url": "https://www.fca.org.uk/publication/final-notices/final-notice-citi-bank.pdf", "title": "FCA v. Citibank N.A. (FX benchmark manipulation, 2014)", "summary": "In November 2014 the FCA fined Citibank N.A. £225,575,000 for failing over five years to control its London G10 spot FX voice trading, which allowed traders to attempt to manipulate the WMR and ECB fix rates and to share confidential client information.", "date_published": "2014-11-11T00:00:00.000Z", "tags": [ "FCA", "fx-fixing" ] }, { "id": "https://marketmanipulation.org/cases/fca-hsbc-bank-plc-fx-fixing-2014/", "url": "https://marketmanipulation.org/cases/fca-hsbc-bank-plc-fx-fixing-2014/", "external_url": "https://www.fca.org.uk/publication/final-notices/final-notice-hsbc.pdf", "title": "FCA v. HSBC Bank plc (FX benchmark manipulation, 2014)", "summary": "In November 2014 the FCA fined HSBC Bank plc £216,363,000 for failing over five years to control its London G10 spot FX voice trading, which allowed traders to attempt to manipulate the WMR and ECB fix rates and to share confidential client information.", "date_published": "2014-11-11T00:00:00.000Z", "tags": [ "FCA", "fx-fixing" ] }, { "id": "https://marketmanipulation.org/cases/fca-jpmorgan-chase-bank-n-a-fx-fixing-2014/", "url": "https://marketmanipulation.org/cases/fca-jpmorgan-chase-bank-n-a-fx-fixing-2014/", "external_url": "https://www.fca.org.uk/publication/final-notices/final-notice-jpm.pdf", "title": "FCA v. JPMorgan Chase Bank N.A. (FX benchmark manipulation, 2014)", "summary": "In November 2014 the FCA fined JPMorgan Chase Bank N.A. £222,166,000 for failing over five years to control its London G10 spot FX voice trading, which allowed traders to attempt to manipulate the WMR and ECB fix rates and to share confidential client information.", "date_published": "2014-11-11T00:00:00.000Z", "tags": [ "FCA", "fx-fixing" ] }, { "id": "https://marketmanipulation.org/cases/fca-the-royal-bank-of-scotland-plc-fx-fixing-2014/", "url": "https://marketmanipulation.org/cases/fca-the-royal-bank-of-scotland-plc-fx-fixing-2014/", "external_url": "https://www.fca.org.uk/publication/final-notices/final-notice-rbs.pdf", "title": "FCA v. The Royal Bank of Scotland plc (FX benchmark manipulation, 2014)", "summary": "In November 2014 the FCA fined The Royal Bank of Scotland plc £217,000,000 for failing over five years to control its London G10 spot FX voice trading, which allowed traders to attempt to manipulate the WMR and ECB fix rates and to share confidential client information.", "date_published": "2014-11-11T00:00:00.000Z", "tags": [ "FCA", "fx-fixing" ] }, { "id": "https://marketmanipulation.org/cases/fca-ubs-ag-fx-fixing-2014/", "url": "https://marketmanipulation.org/cases/fca-ubs-ag-fx-fixing-2014/", "external_url": "https://www.fca.org.uk/publication/final-notices/final-notice-ubs.pdf", "title": "FCA v. UBS AG (FX benchmark manipulation, 2014)", "summary": "In November 2014 the FCA fined UBS AG £233,814,000 for failing over five years to control its London G10 spot FX voice trading, which allowed traders to attempt to manipulate the WMR and ECB fix rates and to share confidential client information.", "date_published": "2014-11-11T00:00:00.000Z", "tags": [ "FCA", "fx-fixing" ] } ] }