VTB Official Statement on CFTC Announcement
Therefore this concerns solely the regulation of the banks’ operations in the US market. After several meetings with VTB Capital in New York, Kansas and Washington, the CFTC has concluded that the bank was working strictly in accordance with the appropriate market practices at that time. However, due to the revision of the rules guiding the execution of deals on the stock exchange, the CFTC decided not to acknowledge the Group’s activity on several previously closed transactions as correct. Taking into consideration the fact that Chicago Mercantile Exchange had earlier allowed such transactions and that VTB cooperated fully with the CFTC, the bank was fined the minimum amount possible".