Credit Suisse has been fined a record £87m by the Prudential Regulation Authority as part of a co-ordinated global resolution that sees the firm face penalties of more than $387m over “significant failures” in risk management and governance related to its exposure to Archegos Capital Management.
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
