CFTC orders the Bank of Nova Scotia to pay a $15 million penalty for recordkeeping and supervision failures for widespread use of unapproved communication methods.

CFTC - Commodity Futures Trading Commission

Source

Published on May. 11th, 2023 Published on May. 11th, 2023

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May. 4th, 2023

MSTAR scenario of the month - Anti-Competitive and Manipulative Practices

This month, the "MSTAR Bank" board discusses the "Anti-competitive and manipulative practices" scenario, covering cases such as LIBOR or FX cartel. This is an example of conduct risk addressed by a common model structure based on the breakdown of exposed income. The board will also discuss the value of a comparative assessment of controls for this type of risks. This benchmarking will be made possible by the interoperability of services on the ORX Association iDP Platform.