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CFTC fines Barclays $560,000 for inaccurate swaps position reports

Wed, 06th Jul 2016 18:10

July 6 (Reuters) - The U.S. Commodity Futures TradingCommission ordered Barclays Plc to pay $560,000 onWednesday, saying the bank failed to submit accurate reports onlarge traders' positions for physical commodities swaps.

The CFTC found that between July 2012 and March 2013,Barclays submitted reports with incorrect position informationfor certain transactions, it said in a statement. The bank didthe same in 2014 for positions related to crude oil, naturalgas, gasoline, heating oil and agricultural products, the CFTCsaid.

The CFTC regulates futures and options markets in the UnitedStates. (Reporting By David Gaffen; Editing by Chizu Nomiyama)

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