SKADI HORIZON – DECEMBER 2021
Regulators levied a $200m fine for employee communication monitoring failures. This is the second fine we have seen in this area in the last 3 months. We anticipate more focus on record-keeping within internal controls over the coming months.
There was a spike in Insider Trading cases reported in December, including a deal reached between the SEC and a Swiss trader who allegedly made at least $70m at the centre of an international insider trading ring.
LIBOR-related news increased as the 31-Dec-21 deadline for the bulk of tenors came and went.