CFTC orders BNY Mellon to pay $5m for swap reporting, supervision lapses

The CFTC said the firm failed to properly supervise its swap dealer business with respect to swap data reporting.

Repeated failure to correctly report millions of swap transactions to a registered swap data repository has led to a fine for the the Bank of New York Mellon.

The Commodity Futures Trading Commission (CFTC) settled charges with the bank, which contains the swap dealing business of parent company Bank of

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