Nasdaq whacked with $36 million fine over Aas default
Swedish regulator’s fine poses serious questions over default management and margining, while providing few answers
Nasdaq Clearing has been fined Skr300 million ($36 million) for failures related to its supervision and margining of a lone trader that blew up in the Nordic power markets in September 2018.
Swedish markets regulator Finansinspektionen issued a one-and-a-half-page notice of a warning and administrative fine for Nasdaq Clearing, dated January 26, but announced today (January 27), detailing its
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