The Cyprus Securities and Exchange Commission (CySEC) has completed its investigation into market manipulation by the Cyprus Popular Bank and Commerzbank.
CySEC has unveiled its investigation into the historical market manipulation that occurred between Commerzbank and Cyprus Popular Bank (CPB), and imposed an administrative fine of €650,000 (US$ $730,800) on the German bank for market manipulation. This investigation is part of the regulator’s probe into CPB’s activities and role in the run up to the financial crisis and subsequent bail-in of the Cyprus banking sector in 2013. The case was brought to the attention of CySEC by t
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