Mizuho fined over deal contingent FX forwards

Mizuho corporate global office Tokyo - A.yatamoto-wikicommons.jpg — MIzuho's Tokyo headquarters

- By Rebekah Tunstead
- 26 Apr 2023

New-York based Mizuho Capital Markets has been fined by the US Commodity Futures Trading Commission (CFTC) for failures around disclosures made to clients around pre-hedging of deal contingent foreign exchange forwards.

The entity – a US bank holding company fully owned by Japan’s Mizuho Financial Group – was fined $6.8 million by the regulator on April 25 for failing to adequately notify its customers it had been trading in the moments before it provided the rate for deal contingent FX forward

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@fx-markets.com or view our subscription options here: https://subscriptions.fx-markets.com

You are currently unable to print this content. Please contact info@fx-markets.com to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@fx-markets.com