Fed fines Deutsche Bank on Volcker rule breach

jerome-powell-federal-reserve
Jerome Powell

The Federal Reserve is fining Deutsche Bank for failings related to its forex trading and a breach of the Volcker rule.

The Fed announced it was imposing $156.6 million in fines, with $136.9 million related to the forex breaches and $19.7 million related to the Volcker rule.

The Fed said it found gaps in “key aspects” of Deutsche Bank’s compliance programme for the Volcker rule. Established after the global financial crisis, the rule prohibits insured deposit-taking firms from engaging in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: