The Commodity Futures Trading Commission (CFTC) has ordered JP Morgan Chase Bank to pay a US$65m civil monetary penalty for attempted manipulation of the US Dollar International Swaps and Derivatives Association Fix (USD Isdafix) benchmark. According to the CFTC, over a five-year period, beginning in at least January 2007 and continuing through January 2012, JP Morgan Chase made false reports and attempted to manipulate the US Isdafix, a leading global benchmark referenced in a range of interes

Continue reading and get unlimited access for 7 days with a free trial of SRP.

Get a free trial

Already a subscriber? Login