Tuesday 01, June 2010 by

SFC fines Merrill Lynch $3.5 million for systems and controls failings

The Securities and Futures Commission (SFC) in Hong Kong has fined Merrill Lynch (Asia Pacific) and Merrill Lynch Futures (Hong Kong) $3,500,000 for systems and controls failings associated with the mis-marking activities in a trading book.

Features & Analyses

Consumer Banking Commitment to the people

Banker Middle East’s Retail Banker of the Year, Hamed Fayez, Senior Executive Vice President, Head of Retail Banking Group at… read more