The Monetary Authority of Singapore (MAS) on Dec 2 said it imposed a civil penalty on the bank for failing to prevent and detect misconduct committed by its relationship managers.
It said the relationship managers had made inaccurate or incomplete disclosures to clients in 24 over-the-counter (OTC) bond transactions that took place between November 2018 and September 2019.
The incomplete and inaccurate disclosures meant that the clients were charged spreads that were above bilaterally agreed rates. A spread is the difference between the buying or bidding price and that of the selling or asking price of an asset or security.
この記事は The Straits Times の December 03, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Straits Times の December 03, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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