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Goldman Sachs Fined $45M via MiFID Reporting Case

March 29, 2019 by Eugene Grygo

Goldman Sachs Fined $45M via MiFID Reporting Case

A U.K. regulator, the Financial Conduct Authority (FCA), has settled a Markets in Financial Instruments Directive (MiFID) case against Goldman Sachs International (GSI), and has fined the firm £34,344,700 ($44,815,175) for 220-plus million erroneous transaction reports between November 2007 and March 2017. The FCA explains that its rules on transaction reporting emanate from the E.U.’s… Read More >>

Filed Under: Securities Operations, Buy-Side, Corporate Actions, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Risk Management, Settlement, Governance, Back-Office, Integration, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: FCA, Goldman Sachs, management processes, Mark Steward, MiFID, MiFID reforms, MiFID Reporting, transaction reporting

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