AMF fines Société Générale €2.5 million for internal control failings


Two asset management divisions of Société Générale (SG) have been fined a total of €2.5 million by France's financial markets regulator, the Autorité des marchés financiers (AMF), for internal risk control failures and inadequate reaction to the financial crisis of 2007–08.

Société Générale Asset Management Alternative Investments (SGAM AI) was fined €1.5 million for bypassing investment fund regulations with "the deliberate intention to conceal risks to which investors were exposed", an act the

To continue reading...

You need to sign in to use this feature. If you don’t have a 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 indvidual account here: