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FSA Report Reveals Poor Management

An internal report commissioned by the Financial Services Authority (FSA) revealed rate-rigging, highlighting how the regulator ignored or failed to follow up on a series of problems with the rates. The report, published...more

3/6/2013 - Barclays Financial Services Authority Libor

Gensler Criticizes Libor At CFTC Roundtable

Gary Gensler, the U.S. Commodity Futures Trading Commission (CFTC) head addressed a roundtable yesterday as part of the International Organization of Securities Commissions (IOSCO Task Force). In his opening remarks to the...more

2/27/2013 - Benchmarks CFTC Financial Services Authority IOSCO Libor Roundtable

Four Banks Fined $120 Million For ‘Mis-Selling’ Derivatives In Milan

On Wendesday an Italian court found Depfa Bank, UBS (UBSN.VX), JPMorgan (JPM.N) and Deutsche Bank (DBKGn.DE) guilty of fraud. The banks were found guilty of “mis-selling derivatives” (Reuters) to Milan; the four banks were...more

12/20/2012 - CFTC Derivatives Deutsche Bank Fraud JPMorgan Chase Libor UBS

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