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BNP Paribas Securities Penalized $90M via Benchmark Case

September 6, 2018 by Louis Chunovic

BNP Paribas Securities Penalized $90M via Benchmark Case

The CFTC reports that BNP Paribas Securities Corp. will pay a $90 million civil monetary penalty to settle charges that it attempted to manipulate the ISDAFIX benchmark. New York-based BNP Paribas Securities is a wholly-owned subsidiary of the BNP Paribas Group, a French international banking group. BNP Paribas Securities Corp.’s USD ISDAFIX manipulations “involved multiple… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Clearing, Data Management, Middle-Office, Operational Risk, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Standards, AML/Fraud/Financial Crime, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: attempt to manipulate, benchmark, BNP Paribas Securities, CFTC, penalty, settlement, swaps traders, USD ISDAFIX manipulations

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