Forex - Center for the Study of Financial Market Evolution (CSFME)

What’s in a Name? Would a Derivative by Any Other Name Smell As Sweet?

What’s in a Name? Would a Derivative by Any Other Name Smell As Sweet?

by David Schwartz J.D. CPA | Aug 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies

The different approaches to the interpretation of MiFID I across Member States mean that there is no commonly-adopted application of the definition of derivative or derivative contract in the EU for some asset classes. Whilst this issue has in the past been noted as a...

What’s in a Name? Would a Derivative by Any Other Name Smell As Sweet?

FCA Fines Five Banks $1.7 Billion for FX Failings

by David Schwartz J.D. CPA | Apr 19, 2014 | All, Change Overview and Rationale, Formal Regulatory Remedies

On November 12 2014, the UK’s Financial Conduct Authority issued Final Notices collectively imposing record fines totaling $1.7 billion on five global banking firms for alleged rigging of the FX market. The FCA found that the banks engaged in widespread conduct that...