Insights

WSJ: Ex-SEC Official Picked to Monitor Deutsche Bank’s Derivatives Overhaul

Wall Street Journal reporter Telis Demos writes:

A former Securities and Exchange Commission (SEC) official has been appointed to monitor an overhaul of Deutsche Bank AG's systems for reporting trades in its giant derivatives book. 

Paul Atkins was named to the role by a federal judge on Thursday, following a request by the Commodity Futures Trading Commission. Last year, that agency fined Deutsche Bank $2.5 million for failing to make timely and accurate reports of derivatives trades known as swaps. 

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By: Patomak Global Partners

Former SEC Commissioner Dan Gallagher Joins Patomak Global Partners as President

Washington, D.C. - Patomak Global Parnters, a leading consulting firm to international and domestic corporations and financial services firms that provides strategic risk management and regulatory compliance services, corporate governance advice, and enforcement and litigation support, announced that today former U.S. Securities and Exchange Commissioner Dan Gallagher has joined the firm as President.