trending Market Intelligence /marketintelligence/en/news-insights/trending/ujr7_tygkoo_voafcz-7hq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Goldman Sachs to pay $120M penalty over alleged rate manipulation

L.K. Bennett: Bankruptcy Case Study

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry


Goldman Sachs to pay $120M penalty over alleged rate manipulation

The U.S. Commodity Futures Trading Commission imposed a $120 million civil monetary penalty on Goldman Sachs Group Inc. and its unit, Goldman Sachs & Co., to resolve allegations of manipulation and false reporting of a global dollar benchmark for interest rate products.

The regulator said the companies have tried on several instances between January 2007 and March 2012 to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix benchmark. Goldman Sachs was also asked to take remedial steps that would prevent traders from manipulating swap rates in the future.

"We are pleased to have resolved these matters and have already taken steps to enhance our policies and procedures," Goldman Sachs spokesman Michael DuVally said in a statement emailed to S&P Global Market Intelligence.