CRA provided an expert opinion on industry practices in a matter involving a commodity derivatives broker and price quotations. At issue were what constitutes an independent price quotation, and how a trader’s own trades should be factored in when determining marks for valuing the trader’s own book.
Compliance solutions for pandemic-related fraud risks
When the COVID-19 pandemic struck the US in March 2020, office environments, supply chains and traditional ways of doing business evaporated in mere weeks....