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(Reuters) -Citigroup reached an settlement with the Bourse de Montreal to resolve allegations that it didn’t report positions on choices contracts exceeding a sure threshold, the change stated on Thursday.
The financial institution failed to ascertain and preserve a system to oversee workers to adjust to reporting guidelines, the change stated, including that Citi pays a $138,000 fantastic and $10,600 for associated prices as a part of the settlement.
Final week, U.S. banking regulators fined Citigroup $136 million for making “inadequate progress” in fixing knowledge administration points recognized in 2020 and required the financial institution to exhibit it was placing sufficient assets towards these efforts.
Citigroup declined to remark.
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