Royal Bank Of Scotland (RBS)
RBS fined £5.6m for transaction reporting failings
The Royal Bank of Scotland (RBS) has been fined £5,620,300 by the Financial Conduct Authority (FCA) for incorrectly reporting transactions it made in wholesale markets, and in some instances, failing to report transactions at all.
Higher capital not fines, says RBS Americas head of op risk
Regulators should start thinking about alternatives to fines, such as punishing banks with higher capital requirements in order to help remedy problems, says Craig Spielmann, head of operational risk for the Americas at RBS in New York.
Scandal-hit banks must 'stop the rot', says Iosco's Wright
The finance industry needs to put a stop to its sequence of scandals and work to rebuild trust, according to David Wright, secretary general of the International Organization of Securities Commissions.
