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UBS Says Settlement For Forex Failures Will Include Finding That UBS Failed Vis-à-Vis Forex

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Read on and learn, well, basically nothing that you could not have intuited.

The terms proposed include findings that UBS failed to have adequate controls in relation to its foreign exchange business that were adequate to prevent misconduct, and would involve material monetary penalties.

UBS Offers Fresh Clues on Form of FX Settlement [WSJ MoneyBeat blog]
Earlier: FCA Takin’ It Easy With Forexgate



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