Violation Tracker Individual Record

Company: 
Royal Bank of Scotland plc
Current Parent Company: 
Royal Bank of Scotland
Penalty: 
$85,000,000
Year: 
2017
Date: 
February 3, 2017
Primary Offense: 
interest rate benchmark manipulation
Violation Description: 

The U.S. Commodity Futures Trading Commission issued an Order filing and settling charges against The Royal Bank of Scotland plc for attempted manipulation of the ISDAFIX benchmark and requiring RBS to pay an $85 million civil monetary penalty.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Commodity Futures Trading Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Scotland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.