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The RMs had provided clients with inaccurate or incomplete post-trade disclosures, 'resulting in clients being charged spreads which were above bilaterally agreed rates for 39 over-the-counter (OTC) bond transactions.
Credit Suisse has paid the penalty to the regulator and compensated its affected clients. Read more at straitstimes.com.
SINGAPORE: Credit Suisse has been hit with a S$3.9 million (US$2.9 million) civil penalty by the Monetary Authority of Singapore (MAS) after the bank failed to prevent or detect misconduct by its relationship managers in the Singapore branch. The bank's relationship managers had provided clients with "inac
Singapore regulators imposed a penalty against Credit Suisse over misconduct by its relationship managers in the city-state.
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