# CFTC Orders The Royal Bank of Scotland to Pay $85 Million Penalty for Attempted Manipulation of U.S. Dollar ISDAFIX Benchmark Swap Rates

> CFTC release 7527-17 · 2017-02-04 · **Market manipulation** · ENFORCEMENT

## Key facts

- **Release number:** 7527-17
- **Release date:** 2017-02-04
- **Type:** Market manipulation
- **Title:** CFTC Orders The Royal Bank of Scotland to Pay $85 Million Penalty for Attempted Manipulation of U.S. Dollar ISDAFIX Benchmark Swap Rates
- **Primary source:** https://www.cftc.gov/PressRoom/PressReleases/7527-17

## What this is

CFTC enforcement actions cover derivatives + commodities + crypto fraud cases. The Commission charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension.


## Citation

> US Commodity Futures Trading Commission, press release 7527-17, "CFTC Orders The Royal Bank of Scotland to Pay $85 Million Penalty for Attempted Manipulation of U.S. Dollar ISDAFIX Benchmark Swap Rates", 2017-02-04. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/cftc-action/7527-17.

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