UBS will have to pay one of the largest fines yet imposed by the UK’s financial regulator for management failures that led to the Swiss bank’s $2.3bn rogue trading loss, according to people familiar with the negotiations.
The Financial Services Authority and UBSare finalising details on a settlement penalty that will probably range between £20m and £50m, with a joint announcement expected as soon as next week.
Switzerland’s financial regulator, Finma, does not have the power to levy fines and will instead force UBS to accept strict new supervisory measures.
您已阅读35%（561字），剩余65%（1033字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。