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...

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