Swiss Regulator Puts UBS on Tight Leash

By NEIL MACLUCAS

ZURICH—The Swiss financial marketplace regulator will guard UBS AG’s

investment bank closely for a foreseeable destiny and might ask it to lift uninformed collateral as partial of measures to urge a control systems after a $2.3 billion trade detriment during a bank’s London operation.

Releasing a commentary from an review into a trade strike taken by Switzerland’s largest bank, Swiss regulator Finma on Monday remarkable “serious deficiencies in risk government and controls” during UBS’s investment bank. At a same time, a U.K. Financial Services Authority fined UBS £29.7 million ($47.6 million) for failures that authorised London-based merchant Kweku Adoboli to make unapproved trades.

Mr. Adoboli was convicted of rascal final week and condemned to

Read full article: http://www.myrtlebeachonline.com/2012/11/17/3175710/myrtle-beach-area-supermarkets.html

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http://www.news.ezonearticle.com/2012/11/26/swiss-regulator-puts-ubs-on-tight-leash/