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

2017
28 Mar 2017

Department of Justice (USA)

USA – Department of Justice- fines Deutsche Bank a total of $775 million for manipulation of LIBOR.

03 Feb 2017

Commodity Futures Trading Commission

US – Commodity Futures Trading Commission – fines RBS $85 million penalty for manipulation of US Dollar ISDAFIX

2016
21 Dec 2016

Commodity Futures Trading Commission

US – Commodity Futures Trading Commission – fines Goldman Sachs $120 million penalty for manipulation of US Dollar ISDAFIX

21 Dec 2016

COMCO (Switzerland)

Switzerland – COMCO – fines JP Morgan Chase CHF33.873 million for LIBOR manipulation.

21 Dec 2016

COMCO (Switzerland)

Switzerland – COMCO – fines Barclays CHF29.772 million for EURIBOR manipulation.

21 Dec 2016

COMCO (Switzerland)

Switzerland – COMCO – fines RBS CHF12.332 million for EURIBOR manipulation.

21 Dec 2016

COMCO (Switzerland)

Switzerland – COMCO – fines Société Générale CHF3.254 million for EURIBOR manipulation.

21 Dec 2016

COMCO (Switzerland)

Switzerland – COMCO – fines Citigroup CHF3.779 million for LIBOR and TIBOR manipulation.

21 Dec 2016

COMCO (Switzerland)

Switzerland – COMCO – fines Deutsche Bank CHF5.027 million for LIBOR and TIBOR manipulation.

21 Dec 2016

COMCO (Switzerland)

Switzerland – COMCO – fines JP Morgan Chase CHF1.703 million for LIBOR and TIBOR manipulation.

21 Dec 2016

COMCO (Switzerland)

Switzerland – COMCO – fines RBS CHF3.926 million for LIBOR and TIBOR manipulation.

08 Dec 2016

CADE (Brazil)

Brazil – CADE – fines five banks including Barclays a combined $54 million for currency rate manipulation including PTax and WM/Reuters benchmarks.

08 Dec 2016

CADE (Brazil)

Brazil – CADE – fines five banks including Citigroup a combined $54 million for currency rate manipulation including PTax and WM/Reuters benchmarks.

08 Dec 2016

CADE (Brazil)

Brazil – CADE – fines five banks including Deutsche Bank a combined $54 million for currency rate manipulation including PTax and WM/Reuters benchmarks.

08 Dec 2016

CADE (Brazil)

Brazil – CADE – fines five banks including HSBC a combined $54m for currency rate manipulation including PTax and WM/Reuters benchmarks.

08 Dec 2016

CADE (Brazil)

Brazil – CADE – fines five banks including JP Morgan Chase a combined $54m for currency rate manipulation including PTax and WM/Reuters benchmarks.

07 Dec 2016

European Commission

European Commission – fines Crédit Agricole €114,654,000 for Euribor manipulation.

07 Dec 2016

European Commission

European Commission – fines HSBC €33,606,000 for Euribor manipulation.

07 Dec 2016

European Commission

European Commission – fines JPMorgan Chase €337,196,000 for Euribor manipulation.

25 May 2016

Commodity Futures Trading Commission

US – Commodity Futures Trading Commission – fines Citibank $175 Million penalty for manipulation of LIBOR and TIBOR

2015
20 May 2015

Department of Justice

US – Department of Justice – fines Citicorp, JPMorgan Chase, Barclays PLC and RBS $2.5 billion for manipulation of Forex rates

20 May 2015

Federal Reserve

US – Federal Reserve – fines UBS; Barclays; Citigroup; JP Morgan Chase; RBS and Bank of America $1.8 billion for manipulation of Forex rates

20 May 2015

Financial Conduct Authority

UK – Financial Conduct Authority – fines Barclays £284 million for manipulation of Forex rates

20 May 2015

Commodity Futures Trading Commission

US – Commodity Futures Trading Commission – fines Barclays $115 million for manipulation of the ISDAFIX rates

23 Apr 2015

Financial Conduct Authority

UK – Financial Conduct Authority – fines Deutsche Bank £227 million for LIBOR and EURIBOR manipulation

23 Apr 2015

Commodity Futures Trading Commission

US – Commodity Futures Trading Commission – fines Deutsche Bank $800 Million for manipulation of LIBOR and Euribor

23 Apr 2015

NY State Department of Financial Services

USA – New York State Department of Financial Services – fines Deutsche Bank $600 million for manipulation of LIBOR, EURIBOR and TIBOR

04 Feb 2015

European Commission

European Commission – fines ICAP € 14.9 million for LIBOR manipulation

2014
12 Nov 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

12 Nov 2014

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

21 Oct 2014

European Commission

European Commission – fines JPMorgan € 61.6 million for LIBOR manipulation

28 Jul 2014

Financial Conduct Authority

UK – Financial Conduct Authority – fines Lloyds and BOS £35 million for LIBOR manipulation

28 Jul 2014

Commodity Futures Trading Commission

US – Commodity Futures Trading Commission – fines Lloyds $105 million for LIBOR manipulation

15 May 2014

Financial Services Authority

UK – Financial Conduct Authority – fines Martin Brokers (UK) Limited £630,000 for LIBOR manipulation

15 May 2014

Commodity Futures Trading Commission

US – Commodity Futures Trading Commission – fines Martin Brokers (UK) Limited $1.2 million for LIBOR manipulation

06 Jan 2014

Department of Justice

US – Department of Justice – fines RBS $150 million for LIBOR manipulation

2013
04 Dec 2013

European Commission

European Commission – fines Barclays Citigroup, Deutsche Bank J.P. Morgan, RBS, R.P. Martin, Société Générale and UBS €1.49 billion for LIBOR and Euribor manipulation

29 Oct 2013

Financial Conduct Authority

UK – Financial Conduct Authority – fines Rabobank £105 million for LIBOR manipulation

29 Oct 2013

Commodity Futures Trading Commission

US – Commodity Futures Trading Commission – fines Rabobank $475 million for LIBOR and Euribor manipulation

29 Oct 2013

Department of Justice

US – Department of Justice – Rabobank agrees to pay $325 million criminal penalty for LIBOR and Euribor manipulation

29 Oct 2013

Dutch Central Bank

Netherlands – Dutch Central Bank fines Rabobank €70 million for LIBOR and Euribor manipulation

25 Sep 2013

Financial Conduct Authority

UK – Financial Conduct Authority – fines ICAP Europe Limited £14 million for LIBOR manipulation

25 Sep 2013

Commodity Futures Trading Commission

US – Commodity Futures Trading Commission – fines ICAP $65 million for LIBOR manipulation

18 Sep 2013

Department of Justice

US – Department of Justice – fines UBS $550 million for manipulation of Libor

06 Feb 2013

Financial Services Authority

UK – Financial Services Authority – fines RBS £87.5 million for LIBOR manipulation

06 Feb 2013

Commodity Futures Trading Commission

US – Commodities Futures Trading Commission fines RBS $325 million for manipulation of LIBOR

2012
19 Dec 2012

Commodity Futures Trading Commission

US – Commodities Futures Trading Commission – fines UBS $700 million for manipulation of LIBOR, EURIBOR and Euroyen TIBOR

19 Dec 2012

Financial Services Authority

UK – Financial Services Authority – fines UBS £160 million for manipulation of LIBOR and EURIBOR

19 Dec 2012

Financial Market Supervisory Authority

Switzerland – Financial Market Supervisory Authority (FINMA) – orders UBS to disgorge CHF 59 million profits in relation to manipulation of LIBOR

27 Jun 2012

Department of Justice

US – Department of Justice – Barclays agrees to pay a $160 million penalty for LIBOR and Euribor manipulation.