Watchdog slaps £1.6m fine on SocGen

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmFolliboost Haircare SerumThinning Hair? Use this For 1 Month and See What HappensFolliboost Haircare SerumAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleBetterBeDrones Capture Images No One Was Suppose to SeeBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal Pastthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Wednesday 25 August 2010 8:09 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPuffer fish snaps a selfie with lucky divernypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com THE Financial Services Authority (FSA) regulator fined French bank Societe Generale £1.575m yesterday for failing to provide accurate transaction reports.The fine handed out to SocGen, which in 2008 lost around €5bn (£4.1bn) in a trading scandal, follows previous penalties handed out to Barclays, Credit Suisse and Commerzbank for similar failings.The FSA said that between November 2007 and February 2010, SocGen had either failed to report, or inaccurately reported, 18.8m of its 23.5m reportable transactions.It added that the SocGen breaches occurred despite the FSA sending out repeated reminders to companies of their obligations to provide accurate data, and of the importance of complying with FSA rules concerning the reporting of transactions.“SocGen failed to accurately report a very high proportion of its transactions for a significant length of time,” Margaret Cole, FSA director of enforcement and financial crime, said.“This failure is a serious breach of our rules as it can have a damaging impact on our ability to detect and investigate suspected market abuse,” she added. whatsappcenter_img KCS-content Share Show Comments ▼ Watchdog slaps £1.6m fine on SocGen Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *