FCA fines UBS £28m for reporting failures

The FCA also found failings in aspects of UBS's change management processes

Beth Brearley
19 March 2019

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The Financial Conduct Authority (FCA) has fined UBS AG £27.6m for failings relating to 135.8 million transaction reports between November 2007 and May 2017.

The regulator said UBS failed to ensure it provided "complete and accurate information" regarding approximately 86.7 million reportable transactions. The firm also unnecessarily reported 49.1 million...

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