Search
 
News

CFTC Fines Have Plunged

U.S. swaps watchdog sought $413 million in penalties in fiscal 2017, down 68% from the previous year.

By Matt Robinson, Bloomberg | Updated on November 27, 2017

The U.S.’s top swaps watchdog appears to be losing its bark and its bite.

The Commodity Futures Trading Commission sought $413 million of penalties from Wall Street banks and other firms in the 12 months ended in September, down 68% from $1.3 billion in 2016, the regulator said in a statement last Wednesday. The drop is even more stark when compared with the record $3.2 billion of sanctions the agency imposed on firms in 2015.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

 

Recommended Stories

Hedging Primer: How to Mitigate Financial Risk

Hedging Primer: How to Mitigate Financial Risk

Rich Aidala |

Many companies do not understand the scope of their interest rate, currency, and commodity price risks. That knowledge gap has the potential to blow up corporate planning processes.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.