WASHINGTON, Aug 5 (Reuters) – The Federal Reserve introduced Thursday it had lifted a 2015 enforcement motion imposed on JPMorgan Chase & Co after the financial institution pleaded responsible to making an attempt to govern the overseas alternate market.
The stop and desist order had been imposed on the financial institution as considered one of a number of actions taken in opposition to a number of international banks as a part of a wide-ranging foreign exchange rigging probe. As a part of the settlement, the financial institution had been directed to point out the Fed the way it had improved inside controls and insurance policies. On the time, the financial institution attributed the misconduct principally to a single dealer who had been fired.
Reporting by Pete Schroeder in Washington
Modifying by Matthew Lewis