Articles - UBS trading losses: FSA and FINMA to launch investigation


 The Financial Services Authority (FSA) and the Swiss Financial Market Supervisory Authority (FINMA) are launching a comprehensive independent investigation into the events surrounding the trading losses incurred by UBS AG in its London operations.
 The investigation, to be conducted by a third party firm independent of UBS, will focus:
     
  •   on the details of the unauthorised trading activity;
  •  
  •   on the control failures which permitted the activity to remain undetected; and
  •  
  •   will include an assessment of the overall strength of UBS's controls to prevent unauthorised or fraudulent trading activity in its Investment Bank.
 At the moment no indication can be given with regard to the duration of that investigation.
  

Back to Index


Similar News to this Story

Superfund transfers: Insights for trustees
2026 has been a record-breaking year for superfunds – with Clara completing four deals this year to date, and with the TPT Superfund announcing it has
Triple lock reform: A stronger lock needs a clearer key
Why the adjusted triple lock can strengthen confidence in the State Pension. The State Pension triple lock currently increases the basic and new State
Final Day for Voting for Stars of the Future 2026
It's the your last chance to vote for our nominees in this years Stars of the Future as we close voting tonight The nominees are waiting for your

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.