Finance
Lme Fines BNP Paribas 120,000 Pounds for Rule Violations
Published by Global Banking & Finance Review®
Posted on April 10, 2026
1 min readLast updated: April 10, 2026
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BNP Paribas has been fined £120,000 by the London Metal Exchange for repeated failures in timely reporting of commodity positions and options volatility data during September 2024, highlighting shortcomings in its risk-management systems.
LME Fines BNP Paribas £120,000 for Risk Management Rule Violations
BNP Paribas Penalized for Risk Management Failures
Details of the Fine
LONDON, April 10 (Reuters) - The London Metal Exchange (LME) has fined member BNP Paribas 120,000 pounds for violations of the exchange's rules relating to risk-management systems, the exchange said on Friday.
Nature of the Violations
Failure to Submit Commodity Position Reports
The exchange, the world's oldest and largest market for industrial metals, said that the bank had failed to submit timely commodity position reports several times in September 2024.
Failure to Submit Options Volatilities Data
It also failed to submit options volatilities data during 16 business days in the same month.
About the London Metal Exchange
Ownership and Background
The LME is owned by Hong Kong Exchanges and Clearing Ltd.
Reporting Credits
(Reporting by Eric OnstadEditing by David Goodman)
Key Takeaways
- •The LME imposed the fine due to multiple missed submissions of commodity position reports and options volatilities data in September 2024, signalling lapses in internal controls.
- •This sanction follows earlier penalties, such as an automatic £5,000 fine in June 2024 for late commodity position report submissions, underscoring ongoing compliance issues (lme.com).
- •The LME—owned by Hong Kong Exchanges and Clearing Ltd and the world’s oldest and largest industrial metals exchange—continues to enforce strict risk-management and reporting standards to safeguard market integrity (lme.com)
References
Frequently Asked Questions about LME fines BNP Paribas 120,000 pounds for rule violations
1Why was BNP Paribas fined by the London Metal Exchange?
BNP Paribas was fined for violations related to risk-management systems, specifically failing to submit timely commodity position reports and options volatilities data.
2How much was the fine imposed on BNP Paribas by the LME?
The London Metal Exchange fined BNP Paribas £120,000 for the rule violations.
3Which rule violations did BNP Paribas commit at the LME?
Violations included failing to submit timely commodity position reports several times and failing to provide options volatilities data during 16 business days in September 2024.
4Who owns the London Metal Exchange?
The LME is owned by Hong Kong Exchanges and Clearing Ltd.