Supervision | JCAP101.com

Category: Supervision

In the financial sector, required Supervision involves stringent oversight to ensure compliance with regulatory standards, protect against financial misconduct, and maintain market integrity. This supervision encompasses monitoring financial transactions, auditing practices, and ensuring adherence to legal requirements and ethical guidelines. It involves both internal controls, such as risk management and compliance procedures within financial institutions, and external oversight by regulatory bodies that enforce rules and conduct examinations. Effective supervision in this sector is crucial for preventing fraud, safeguarding investor interests, and ensuring the stability and trustworthiness of financial markets.

CFTC-PR-8951-24

August 26, 2024

CFTC-PR-8951-24 (Aug. 26, 2024)

CFTC Orders The Bank of New York Mellon to Pay $5 Million for Swap Reporting and Supervision Failures and Violation of a Prior CFTC Order

Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges with The Bank of New York Mellon (BNYM) for repeatedly failing to correctly report millions of swap transactions to a registered swap data repository, in violation of a prior CFTC order against BNYM, and for failing to properly supervise its swap dealer business as required by the Commodity Exchange Act (CEA) and CFTC regulations.

PR-8951-24

Date: Aug. 26, 2024

Accessed: Aug. 27, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8951-24

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CFTC-PR-8951-24

CFTC-PR-8945-24

August 14, 2024

Posted by administrator Categories CFTC CFTC-24 CFTC-2408 Companies in the News Federal News Sources Recordkeeping Failures Supervision Swap Dealers Truist Bank Unapproved Communications

CFTC-PR-8945-24 (Aug. 14, 2024)

CFTC Orders Truist Bank to Pay $3 Million Penalty and Remediate Recordkeeping and Supervision Failures Relating to Widespread Use of Unapproved Communications Methods. Truist Receives Substantially Reduced Penalty for Self-Reporting to the Division of Enforcement

Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against North Carolina swap dealer Truist Bank.

PR-8945-24

Date Accessed: Aug. 18, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8945-24

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CFTC-PR-8945-24

CFTC-PR-8943-24

August 14, 2024

Posted by administrator Categories CFTC CFTC-24 CFTC-2408 Companies in the News Cowen and Company Federal News Sources Recordkeeping Failures Supervision Toronto Dominion Bank Unapproved Communications

CFTC-PR-8943-24 (Aug. 14, 2024)

CFTC Orders TD Bank and Cowen to Pay Civil Monetary Penalties for Recordkeeping and Supervision Failures for Firm-Wide Use of Unapproved Communication Methods

Washington, D.C. — The Commodity Futures Trading Commission today issued two orders simultaneously filing and settling charges against The Toronto Dominion Bank (TD Bank), a swap dealer, and against Cowen and Company (Cowen), previously registered with the CFTC as an introducing broker, for failing to maintain and preserve records that were required to be kept under CFTC recordkeeping requirements and failing to diligently supervise matters related to their businesses as CFTC registrants.

PR-8943-24

Date: Aug. 14, 2024

Date Accessed: Aug. 19, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8943-24

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CFTC-PR-8943-24

CFTC-PR-8944-24

August 14, 2024

Posted by administrator Categories CFTC CFTC-24 CFTC-2408 Companies in the News Electronic Communications Supervision Swap Dealers Toronto Dominion Bank

CFTC-PR-8944-24 (Aug. 14, 2024)

CFTC Orders TD Bank to Pay $4 Million for Supervision Failures Impacting its Electronic Communications Surveillance System

Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against The Toronto Dominion Bank (TD Bank), a registered swap dealer, for failing to diligently supervise activities related to its business as a CFTC registrant, specifically, its electronic communications surveillance system.

PR-8944-24

Date: Aug.14, 2024

Date Accessed: Aug. 19, 2024

Source URL: https://www.cftc.gov/PressRoom/PressReleases/8944-24

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CFTC-PR-8944-24

CFTC-PR-8914-24

May 23, 2024

Posted by administrator Categories Futures Commission Merchants Supervision Swap Dealers

File ID: CFTC-PR-8914-24

Date: May 23, 2024

Accessed: June 21, 2024

Headline: CFTC Orders J.P. Morgan to Pay $200 Million for Supervision Failures. CFTC Finds J.P. Morgan Failed to Surveil Billions of Client Orders on a U.S. Designated Contract Market.

Source: https://www.cftc.gov/PressRoom/PressReleases/8914-24

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