Morgan Stanley hit with €20m fine for OAT, OLO price manipulation

Jonathan Boyd
Morgan Stanley hit with €20m fine for OAT, OLO price manipulation

The Enforcement Committee of the Autorité des Marchés Financiers (AMF, the French financial markets regulator) has fined Morgan Stanley & Co International Plc €20m for manipulating the price of sovereign bonds and a sovereign bond futures contract. The decision was made on 4 December, and publicly noted on 10 December. The regulator found that the financial group manipulated the price of 14 French government bonds - OATs - and eight Belgian bonds - OLOs - on 16 June 2015, as well as manipu...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.