HAMBURG & KIEL - German bank HSH Nordbank - the world's largest shipbuilding financier - has said it will press charges against a member of its management board, Frank Roth. Chief operating officer Roth has already been suspended by the bank. He is accused of disclosing the bank's business secrets. It has been reported that the bank laid a trap for Roth by marking secret documents so they could be traced to him, which subsequently surfaced in the UK. The bank has announced the charges, still being prepared, are to be submitted to the Kiel prosecutor's office.
More on Regulation
Malaysia central bank chief urges giving peers greater regulatory powers
Banks warn of "massive" impact from EBA proposals, which would limit credit lines
Central bank governor says local banks ready for the LCR
Large number of reporting mechanisms poses co-ordination challenge
Sign up for Risk.net email alerts
Sponsored video: Elseware
Oxford professor David Vines argues that the carrot is as important as the stick
Sponsored webinar: IBM
Watch highlights of this year's London conference
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.