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June 09, 2023
Home » FERC Settlement Cuts Barclays Market Manipulation Fine
FERC accused Barclays traders of influencing prices at the Mid-Columbia, NP-15, SP-15 and Palo Verde trading hubs in order to benefit the bank's positions in financial swaps covering those markets. | EIA
FERC Settlement Cuts Barclays Market Manipulation Fine
By Robert Mullin FERC on Tuesday agreed to sharply reduce the penalty Barclays Bank must pay to settle claims that it manipulated Western electricity markets a decade ago. The commission approved a settlement agreement requiring the U.K.-based company to pay $105 million in penalties after company traders engaged in a...
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