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Results: 11-20 of 454

Financial Conduct Authority, Commodity Futures Trading Commission and office of the comptroller of the currency impose fines for FX rigging

  • Shearman & Sterling LLP
  • -
  • United Kingdom, USA
  • -
  • November 19 2014

On November 12, 2014, the UK's Financial Conduct Authority ("FCA") imposed fines totaling approximately £1.1 billion ($1.7 billion) on five banks

Five banks penalized us $3.1 billion by CFTC and UK FCA for attempted manipulation of FX benchmark rates; OCC fines two of the banks and one more an additional us $950 million

  • Katten Muchin Rosenman LLP
  • -
  • United Kingdom, USA
  • -
  • November 16 2014

The Commodity Futures Trading Commission and the UK Financial Conduct Authority brought enforcement actions against five financial institutions for

Financial Regulatory Developments 14 November - Financial Conduct Authority (FCA)

  • Dentons
  • -
  • United Kingdom, USA
  • -
  • November 14 2014

FCA and the US Commodity Futures Trading Commission (CFTC) have fined five banks more than $3 billion for failures in their FX trading operations

Fraudulent misrepresentation by a bank and the ISDA Master Agreement

  • Dentons
  • -
  • United Kingdom
  • -
  • November 12 2014

Few claims result in judgments as long as that recently handed down by Mr Justice Males (the Judge) in the litigation between UBS, Kommunale

Lack of capacity to enter into speculative derivative transactions was no bar to liability - Credit Suisse international

  • Collyer Bristow LLP
  • -
  • United Kingdom
  • -
  • November 10 2014

The High Court has held that a Dutch social housing association was liable under an ISDA Master Agreement because, although it had lacked capacity to

Credit Suisse International v Stichting Vestia Groep

  • Rosling King LLP
  • -
  • United Kingdom
  • -
  • November 7 2014

The Claimant Credit Suisse International ("Credit Suisse") entered into an International Swaps and Derivatives Association (ISDA) Agreement

The ISDA Master Agreement a transaction can comprise more than one trade

  • Bryan Cave LLP
  • -
  • United Kingdom
  • -
  • November 4 2014

In a separate Bulletin we look at why the English High Court in Credit Suisse International v Stichting Vestia Groep 2014 EWHC 3103 (Comm) upheld

English law: ultra vires and the ISDA Master Agreement counterparty’s warranty as to capacity saves the day for Credit Suisse International (CSI)

  • Bryan Cave LLP
  • -
  • United Kingdom
  • -
  • November 4 2014

It is a principle of English law that a contract which is ultra vires one of the parties is treated as if it never existed. Nor is a representation

Kaupthing Singer & Friedlander v UBS casenote 2014 EWHC 2450 (Comm)

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • October 31 2014

UBS and Kaupthing Singer Friedlander (KSF) entered into a foreign exchange trade under the 1992 ISDA Master Agreement. One of the payments to be made

UK regulators launch review of fixed income, foreign exchange and commodities markets

  • Katten Muchin Rosenman LLP
  • -
  • United Kingdom
  • -
  • October 31 2014

The UK Treasury, the Bank of England and the UK Financial Conduct Authority have jointly launched a Fair and Effective Markets Review (FEMR) of the