JPMorgan has established a new compliance team that will manage regulatory requirements for the FX and rates markets.
Based in London, the new team will be led by Andrew Ferry, formerly head of Europe, Middle East and Africa swaps within JP Morgan’s rates business.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The new global team will ensure that the bank meets and complies with regulations governing trading in FX and rates markets on an ongoing basis.
In his new role, Ferry will report to Troy Rohrbaugh alongside James Kenny, co-heads of the investment bank’s global rates, foreign exchange, commodities and emerging markets.
However, Ferry will be succeeded by Tom Prickett, who takes the role of head of Europe, Middle East and Africa, which also includes its Scandinavian and Swiss swaps business.
Last week, the UK’s Serious Fraud Office (SFO) said that it is set to commence its first criminal investigation into alleged rigging of the foreign-exchange market.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe move comes after JP Morgan was charged $650,000 by U.S. derivatives regulator the Commodity Futures Trading Commission for submitting inaccurate reports about clients’ derivatives trades.
