Regulators in the U.S., Britain and Switzerland ordered five banks to pay about $3.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.
The U.S. Commodity Futures Trading Commission issued five Orders filing and settling charges against Citibank, HSBC, JPMorgan, RBS and UBS for attempted manipulation of global forex benchmark rates to benefit the positions of certain traders.
DB1: Eurex CEO Andreas Preuss stated that the EU’s decision to delay the introduction of its OTC clearing mandate to 2015 is “unfortunate” and creates an “implemented disadvantage” for the aim of increasing safety in the sector, as reported in Risk.net.
ICE: NYSE appointed Stacey Cunningham as President of NYSE Governance Services. Cunningham was most recently Head of Sales & Relationship Management for NYSE Group, and prior to that she also served a similar role at NDAQ.