DBS Bank agrees compensation for Hong Kong Lehman notes

SINGAPORE – Following an investigation by the Hong Kong Securities and Futures Commission (SFC), DBS Bank will pay HK$651 million to customers who were mis-sold products linked to Lehman Brothers.

The SFC accused DBS of selling Lehman Brothers “constellation notes”, products directly related to Lehman. These, according to a statement by the regulator, “may not have been suitable for low- to medium-risk customers whose risk profile favoured the conservative end of the investment spectrum”. The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: