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BNP Paribas Settles Swaps ‘Smoothing’ Case for $6M

July 20, 2022 by Louis Chunovic

BNP Paribas Settles Swaps ‘Smoothing’ Case for $6M

Smoothing. It sounds like porn, and that’s because it is. Financial porn, that is. Here are the questions of the week: Is a six-million dollar penalty for “incorrectly reporting swaps and adjusted daily mark disclosures” enough of a hit to the nose that it will get an alleged wrongdoer’s attention? Or is six-million smackers simply… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Buy-Side, Clearing, Data Management, Operational Risk, Risk Management, Governance, Back-Office, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting Tagged With: back office, BNP Paribas, Caroline Pham, CFTC, compliance, data management, Dodd-Frank, regulatory reporting, risk management, swap data repositories (SDRs), swaps

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