The Securities and Exchange Board of India (Sebi) has suspended Barclays from trading offshore derivatives instruments relating to Indian stocks. The December 9 order accuses the bank of systems and controls failings that led to reporting failures to the Indian markets regulator. The UK-based bank is alleged to have repeatedly failed to disclose its correct counterparties for 18 issued derivatives. The roots of the enforcement action lie in emails exchanged between the bank and the regulator.
The week in Risk.net, February 10-16 2017Receive this by email
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