ARTICLE
15 September 2014

FCA Fines Deutsche Bank For Transaction Reporting Failures

SS
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.
United Kingdom Finance and Banking

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.

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