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OCC Settles Charges of Compliance Failures for $20M

September 11, 2019 by Louis Chunovic

OCC Settles Charges of Compliance Failures for $20M

The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) report jointly that the Chicago-based Options Clearing Corp. (OCC) will make “pay $20 million in penalties to settle charges that it failed to implement policies to manage certain risks as required by U.S. laws and SEC and CFTC rules.” It… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Clearing, Corporate Actions, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Reconciliation & Exceptions, Risk Management, Settlement, Governance, Back-Office, Integration, Standards, Performance Measurement, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Cybersecurity, Derivatives, Regulatory Compliance, Regulatory Reporting, Economic Sanctions, Industry News Tagged With: Craig Donohue, derivatives clearing organizations, financial risk management, information systems, OCC, operational requirements, SEC, Security, SIFMU

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