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ICAP Capital Markets Penalized $50M in ISDAFIX Case

September 21, 2018 by Eugene Grygo

ICAP Capital Markets Penalized $50M in ISDAFIX Case

CFTC officials have settled a benchmark manipulation case against ICAP Capital Markets (ICAP) via an order that requires the firm, now known as Intercapital Capital Markets, to pay a $50 million civil monetary penalty, officials say The regulator is alleging that the firm, a NEX subsidiary company, used certain brokers to help facilitate attempts by… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Clearing, Operational Risk, Risk Management, Governance, Back-Office, AML/Fraud/Financial Crime, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: benchmark manipulation, CFTC, derivatives, ICAP Capital Markets, Intercapital Capital Markets, penalty, USD ISDAFIX

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