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Violation Tracker Individual Record

Company: Royal Bank of Scotland plc
Current Parent Company: NatWest Group PLC
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Penalty: $85,000,000
Year: 2017
Date: February 3, 2017
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: interest rate benchmark manipulation
Mega-Scandal: Price Fixing
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 Current Parent: United Kingdom
Ownership Structure of Current Parent: government-owned
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.