UK:
FCA Fines Deutsche Bank For Transaction Reporting Failures
15 September 2014
Shearman & Sterling LLP
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On August 28, 2014, the FCA published its final notice fining
Deutsche Bank for incorrectly reporting equity swap CFD
transactions between 2007 and 2013. The bank was fined
£4,718,800. Accurate transaction reporting is important for
the FCA to properly monitor and detect suspected market abuse,
insider trading and market manipulation.
The final notice is available at: http://www.fca.org.uk/static/documents/final-notices/deutsche-bank-ag.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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