News Centre

New York State Department of Financial Services Announces Barclays To Pay $2.4 Billion, Terminate Employees For Conspiring To Manipulate Spot Fx Trading Market - Barclays Employee: “If You Aint Cheating, You Aint Trying” - Barclays FX Trader “[Y]es, The Less Competition The Better” - NYDFS To Continue Its Investigation Into Electronic FX Trading

Date 20/05/2015

Benjamin M. Lawsky, Superintendent of Financial Services, today announced that Barclays will pay $2.4 billion and is terminating eight additional Bank employees who engaged in misconduct for New York Banking Law violations in connection with its scheme to manipulate spot trading in the foreign exchange (FX) market. The overall $2.4 billion penalty Barclays will pay includes $485 million to the New York State Department of Financial Services (NYDFS), $400 million to the Commodities Futures Trading Commission (CFTC), $710 million to the U.S. Department of Justice (DOJ), $342 million to the Federal Reserve, and 284 million GBP (approximately $441 million) to the United Kingdom’s Financial Conduct Authority (FCA).

LSEG: Asset Owner Adoption Of Smart Beta Growing And Broadening According To New FTSE Russell Global Survey

Date 20/05/2015

• Over 70% of asset owners with smart beta allocation now combining strategies
• ETFs most preferred vehicle for tactical smart beta strategies
• European asset owners continue to lead North America on adoption of smart beta

Barclays To Pay $400 Million Penalty To Settle CFTC Charges Of Attempted Manipulation And False Reporting Of Foreign Exchange Benchmark Rates - CFTC Also Took Action Today Against Barclays And Its Affiliates For Attempted Manipulation And False Reporting Of The ISDAFIX Benchmark, An Interest Rate Benchmark — The First Enforcement Action Addressing Abuse Of ISDAFIX - Barclays Has Now Been Subject To Three CFTC Enforcement Actions For Benchmark Rate Abuses (ISDAFIX, FX, And LIBOR) Imposing A Total Of $715 Million In Penalties And Requiring Extensive Remediation

Date 20/05/2015

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against Barclays Bank PLC (Barclays) for attempted manipulation, false reporting, and aiding and abetting other banks’ attempts to manipulate, global foreign exchange (FX) benchmark rates to benefit the positions of certain traders.

CFTC Orders Barclays To Pay $115 Million Penalty For Attempted Manipulation Of And False Reporting Of U.S. Dollar ISDAFIX Benchmark Swap Rates - CFTC Also Took Action Today Against Barclays For Abuses Of Foreign Exchange Benchmark Rates - Barclays Has Now Been Subject To Three CFTC Enforcement Actions For Benchmark Rate Abuses (ISDAFIX, FX, And LIBOR) Imposing A Total Of $715 Million In Penalties And Requiring Extensive Remediation

Date 20/05/2015

The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Barclays PLC, Barclays Bank PLC, andBarclays Capital Inc. (collectively, Barclays or the Bank). The Order finds that, beginning at least as early as January 2007 and continuing through June 2012 (the Relevant Period), Barclays attempted on many occasions to manipulate and made false reports concerning the U.S. Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for interest rate products. This is the first enforcement action addressing abuses of this benchmark.

Olivetree Group Names Chris Pilder As New CEO For US Business - Olivetree Group Further Expands US Presence To Complement Regional Company Growth

Date 20/05/2015

Olivetree Group, a global financial services firm, today announced the appointment of Chris Pilder as the new CEO of its US business. In his new role, he will be responsible for expanding and building upon Olivetree’s footprint in the region. This recent appointment highlights the substantial growth of Olivetree’s US business over the last two years.

Federal Reserve Announces Fines Totaling More Than $1.8 Billion Against Six Major Banking Organizations For Their Unsafe And Unsound Practices In The Foreign Exchange (FX) Markets

Date 20/05/2015

The Federal Reserve on Wednesday announced it will impose fines totaling more than $1.8 billion against six major banking organizations for their unsafe and unsound practices in the foreign exchange (FX) markets. The fines, among the largest ever assessed by the Federal Reserve, include: $342 million each for UBS AG, Barclays Bank PLC, Citigroup Inc., and JPMorgan Chase & Co.; $274 million for Royal Bank of Scotland PLC (RBS); and $205 million for Bank of America Corporation. The Federal Reserve also issued cease and desist orders requiring the firms to improve their policies and procedures for oversight and controls over activities in the wholesale FX and similar types of markets.

UK’s Financial Conduct Authority Fines Barclays £284,432,000 For Forex Failings

Date 20/05/2015

The Financial Conduct Authority (FCA) has imposed a financial penalty of £284,432,000 on Barclays Bank Plc (Barclays) for failing to control business practices in its foreign exchange (FX) business in London. This is the largest financial penalty ever imposed by the FCA, or its predecessor the Financial Services Authority (FSA).

DTCC Announces Internal Account Transfer Automation For Alternative Investments - AIP Platform Adds Functionality To Automate Time-Consuming, Manual Processes, Providing New Efficiencies For Broker/Dealer Community

Date 20/05/2015

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has launched a new capability within its Wealth Management Services (WMS) business to streamline the processing of internal account transfers for alternative investments.

EPEX SPOT: Flow-Based Methodology For CWE Market Coupling Successfully Launched

Date 20/05/2015

The project partners of the Flow-Based Market Coupling in Central Western Europe (CWE) are pleased to announce today’s successful launch of the Flow-Based methodology. While facilitating cross-borders electricity exchanges and integrating renewable energies into power supply, this improved methodology is a major advance towards the integration of Europe’s energy markets. The project has been carried out jointly by CWE transmission system operators (TSOs) and Power Exchanges. The Flow-Based method was approved by National Regulators (NRAs) on 23 April.

Moscow Exchange: Risk Parameters Change For The Securities NMTP

Date 20/05/2015

Lower REPO Penalty Rate (LPenRate) for the ordinary shares NMTP from May 20, 2015 will be changed to −100%.