Deutsche Bank Pays CFTC $2.5M Over Swaps-Reporting

By Carmen Germaine (September 30, 2015, 5:33 PM EDT) -- Deutsche Bank AG has agreed to pay a $2.5 million civil penalty to the U.S. Commodity Futures Trading Commission for failing to properly report its swaps transactions, the agency announced Wednesday, in the first CFTC action enforcing new Dodd-Frank Act requirements on swaps-reporting.

According to the CFTC's Wednesday order, Deutsche Bank failed to properly report cancellations of its swap transactions to the registered swap data repository to which it had originally reported the swap, among other violations. (Credit: AP) Deutsche Bank paid the fine to settle charges that it violated CFTC regulations requiring swap dealers to report swap transaction and pricing...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!