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Showing 41 to 50 of 87 search results for million for significant failings in relation to LIBOR.
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UBS fined £9.45m for failings in its sale of an AIG fund
The Financial Services Authority (FSA) has fined UBS AG (UBS) for failures in the sale of the AIG Enhanced Variable Rate Fund (the Fund). These failures led to UBS customers being exposed to an unacceptable risk of an unsuitable sale of the Fund. -
Penalties, remediation, and our General Principles
FCA Executive Director of Enforcement and Market Oversight, delivered this speech on financial penalties at the City & Financial Global Ltd event, London. -
FCA fines ED&F Man Capital Markets Ltd £17.2m for serious failings which enabled millions in illegitimate tax reclaims
The FCA has fined ED&F Man Capital Markets Ltd (‘MCM’) £17,219,300 for serious failings in its oversight of cum-ex trading. These failings allowed MCM to collect fees for trading strategies designed to enable its clients to illegitimately -
The importance of purposeful anti-money laundering controls
Speech by Mark Steward, Executive Director of Enforcement and Market Oversight, delivered at the AML & ABC Forum 2021. -
Former UBS trader banned for failings related to US$2.3 billion unauthorised trading losses by Kweku Adoboli
The Financial Conduct Authority (FCA) has banned John Christopher Hughes from performing any function in relation to any regulated activity in the financial services industry. -
The FCA holds key conference on financial crime
Review announced into how UK banks control money laundering, terrorist financing and sanctions risks in trade finance. -
Lloyds Banking Group fined £117m for failing to handle PPI complaints fairly
As a result of Lloyds’ misconduct, a significant number of customer complaints were unfairly rejected. ... Lloyds’ conduct was unacceptable.”. Examples of how customers lost out as a result of Lloyds’ failings included that:. -
Two former directors of Pritchard Stockbrokers fined and banned for recklessly failing to protect client money
The Financial Conduct Authority (FCA) has fined and banned David Gillespie, Managing Director, and David Welsby, Finance Director, of stockbroking and wealth management firm, Pritchard Stockbrokers Limited (Pritchard) for serious failings in -
FSA fines Willis Limited £6.895 million for anti-bribery and corruption systems and controls failings
The Financial Services Authority (FSA) has fined Willis Limited £6.895 million for failings in its anti-bribery and corruption systems and controls. -
FCA fines CT Capital Ltd for failures related to PPI complaint handling
By January 2016, CT Capital had paid approximately £74 million (including interest) in redress arising from PPI complaints. ... Last year, the FCA fined Clydesdale Bank Plc £20.6 million and the Lloyds Banking Group £117 million for failing to handle