GLOBAL BENCHMARK MANIPULATION TRACKER
The daily worldwide tracker of penalties for financial benchmark manipulation
Information provided by the Banking and Financial Disputes group at Collyer Bristow LLP
HSBC
2016
CADE (Brazil)
Brazil – CADE – fines five banks including HSBC a combined $54m for currency rate manipulation including PTax and WM/Reuters benchmarks.
European Commission
2014
Financial Conduct Authority
UK – Financial Conduct Authority – fines Citibank; HSBC; JP Morgan Chase; RBS and UBS £1.1 billion for manipulation of Forex rates
Commodity Futures Trading Commission
US – Commodity Futures Trading Commission – fines Citibank; HSBC; JP Morgan Chase; RBS and UBS a total of $1.4 bilion for manipulation of Forex rates