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UBS fined £8m for systems and controls failures

Author: Patrick Blum

Source: Operational Risk & Regulation | 05 Nov 2009

Categories: Management, Penalties and censures

Topics: Risk management, Financial Services Authority (FSA), Banks, Internal ratings-based (IRB) approach, Rogue traders

The UK Financial Services Authority (FSA) has fined UBS £8 million for systems and controls failures that allowed four employees to carry out unauthorised...

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UBS fined £8m for systems and controls failures

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