热门标签

Usdt第三方支付接口(www.trc20.vip):Citigroup strugglesto monitor UK traders

时间:1个月前   阅读:2

telegram批量拉人www.tel8.vip)是一个Telegram群组分享平台。telegram批量拉人包括telegram批量拉人、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram批量拉人为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

LONDON: In 2017, after Citigroup Inc had paid billions of dollars in fines for rigging interest rates, manipulating currency markets and selling shoddy mortgage bonds, the Wall Street giant was still struggling to keep tabs on traders in London.

Managers overseeing Citigroup’s European trading hub had hundreds of blind spots, allowing for potentially abusive transactions to go unnoticed in the almost 900,000 trades processed every day at the bank’s Canary Wharf headquarters, according to a report from the UK Financial Conduct Authority (FCA).

The shortcomings carried on for at least two years, enough time for the traders to generate about £2.6bil (US$3.1bil or RM14bil) in revenue, the report showed.

Internal compliance teams found that their surveillance systems missed almost half of the second-most serious category of trading risk, the FCA said as it imposed a £12.6mil (RM67mil) penalty on New York-based Citigroup on Friday.

Officials couldn’t effectively monitor trading activities for potential insider dealing and spoofing until early 2018, the regulator said.

Citigroup chief executive officer (CEO) Jane Fraser, who oversees one of the world’s biggest investment banks, is under pressure to improve controls after multiple probes revealed what regulators have said are substantial problems.

The Bank of England levied a record £44mil (RM233mil) fine on the lender in 2019 for years of inaccurate reporting about its capital and liquidity levels, while US regulators doled out a US$400mil (RM1.8bil) fine in 2020 for persistent problems with risk management.

,

Usdt第三方支付接口www.trc20.vip)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。

,

Hong Kong’s securities regulator fined it HK$348.3mil (RM199mil) earlier this year for “dishonest” stock trading over a decade.

“This fine is indicative of Citigroup’s troubled past and the ways its failures so often come back to haunt it,” said Kathryn Judge, a law professor focused on finance at Columbia University in New York.

“It helps to justify the changes that Fraser is seeking to implement.”

Rekha Jogia-Soni, a spokeswoman for Citigroup in London, said the bank is “pleased to put this matter behind us”.

Integrity in financial markets depends on a partnership between the FCA and banks using data to detect suspicious trading, Mark Steward, executive director of enforcement and market oversight at the regulator, said in a statement.

Citigroup “did not carry its full weight in this partnership,” he said.

In January 2018, when Citigroup’s compliance teams scrambled to assess the effectiveness of its automatic surveillance systems, they discovered that they had no oversight of almost half of what they called tier two trading risks.

The surveillance gaps occurred across some of the bank’s largest trading businesses including rates and commodities.

The multiple shortcomings convinced Citigroup that it was not in compliance with European market-abuse laws, which the UK implemented in 2016.

上一篇:新加坡博彩公司总行地址(www.99cx.vip):Bursa tracks Wall Street's bounce amid anxiety over Fed meet

下一篇:皇冠体育官网app:Chef Frankie Woo has still got the touch for Chinese fine dining

网友评论