Compliance professionals at the event shared concerns over complete venue coverage in the light of the recent CFTC fine of $500,000 for supervision failures. As a registered swap dealer, ANZ was found to be violating its supervision obligations when it failed to ensure that its spoofing surveillance tool was operating properly.
Concerns over complete venue coverage and FCA ‘name and shame’ approach at compliance roundtable
Risk acceptance and supervisory visits also discussed at Global Relay’s quarterly roundtable in London.