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February 3, 2017

Posted  February 3, 2017

The Royal Bank of Scotland plc was ordered to pay an $85 million civil monetary penalty by the CFTC for attempting to manipulate the U.S. Dollar International Swaps and Derivatives Associate Fix (“USD ISDAFIX”). The Royal Bank of Scotland engaged in the conduct in order to benefit certain derivatives positions it held that were priced or valued off of the USD ISDAFIX benchmark. This conduct occurred between January 2007 and March 2012. CFTC

Tagged in: Fraud in CFTC-Regulated Markets,