Mark Steward

Type: Person
Name: Mark Steward
First reported Apr 23 2014 - Updated 23 hours ago - 1 reports

RBS reprimanded for internal control failures

The SFC said in a statement that RBS failed to detect and prevent unauthorised trades in its emerging markets rates business in the city in 2011, following the discovery of unauthorised trades by former trader Shirlina Tsang.Ms Tsang was sentenced to ... [Published Irish Independent - Apr 23 2014]
First reported Apr 22 2014 - Updated 23 hours ago - 10 reports

SFC fines RBS for control failures after unauthorised trading

Hong Kong’s Securities and Futures Commission(SFC) has fined the Royal Bank of Scotland HK$6 million for internal controlfailures, having failed to detect or prevent unauthorised trading activities inits Hong Kong emerging markets rates business.The episode ... [Published The Trade News - Apr 23 2014]
First reported Apr 23 2014 - Updated Apr 23 2014 - 1 reports

China Insurer Trusts, U.K. VAT, Hong Kong-RBS: Compliance

Collective trusts that insurers areallowed to invest in are confined to those backed by financingassets and non-listed equity assets, according to draft rulesposted on the website of China Insurance Regulatory Commission .Collective trusts backed by fixed-income ... [Published Bloomberg - Apr 23 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

Hong Kong Regional Symposium

-  Hong Kong Football ClubThe 2014 Hong Kong PL Symposium is a half-day program focusing on regulatory and corporate fraud issues facing the Asian marketplace. This marks the third consecutive year that PLUS has hosted an educational and networking event ... [Published Professional Liability Underwriting Society - Apr 15 2014]
First reported Mar 25 2014 - Updated Mar 25 2014 - 1 reports

Support for criminal charges for reckless bankers

More than a third (35%) of global financial services professionals working in banks, asset management and hedge funds believe that executives should be held criminally liable for the actions of staff. According to a survey commissioned by Kinetic Partners, ... [Published Hedge Fund Journal - Mar 25 2014]
First reported Dec 12 2013 - Updated Dec 13 2013 - 1 reports

Unprecedented Ruling Forces Former Morgan Stanley Banker To Pay Investors $3 Million

SINGAPORE (Reuters) - A former Morgan Stanley banker convicted of insider trading will have to pay more than 290 investors a total of HK$23.9 million ($3.08 million) they lost out on, a Hong Kong court ordered on Thursday, in an unprecedented legal ... [Published Clusterstock - Dec 12 2013]

Quotes

"rbs acted quickly in alerting the securities and futures commission on a saturday afternoon which in turn led to action being taken that prevented tsang from leaving hong kong . this deserves substantial credit and is the reason why today’s sanctions are not heavier ones" said Mark Steward , the Securities and Futures Commission's executive director of enforcement
"this deserves substantial credit and is the reason why today's sanctions are not heavier ones" Mark Steward, the SFC's head of enforcement, said in a statement. (Reuters)
...substantial credit and is the reason why today’s sanctions are not heavier ones," said Mr Mark Steward, the SFC’s executive director of enforcement. "the sfc expects firms to report misconduct concerns immediately, as in this case."

More Content

All (16) | News (15) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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RBS share price: Lender fined £460,000 for lax ... [Published Invezz - 23 hours ago]
SFC fines RBS for control failures after unauth... [Published The Trade News - Apr 23 2014]
RBS Fined over Hong Kong Trades [Published Fresh Business Thinking - Apr 23 2014]
ROYAL BANK OF SCOTLAND : RBS Fined By Hong Kong... [Published 4 Traders - Apr 23 2014]
China Insurer Trusts, U.K. VAT, Hong Kong-RBS: ... [Published Bloomberg - Apr 23 2014]
RBS reprimanded for internal control failures [Published Irish Independent - Apr 23 2014]
Hong Kong Financial Regulator Slams RBS for Int... [Published Forex Magnates - Apr 22 2014]
RBS fined over illegal HK trades [Published BBC - Apr 22 2014]
RBS reprimanded for systems failures following ... [Published Computerworld UK - Apr 22 2014]
Hong Kong regulators fine RBS £450,000 over tra... [Published Guardian.co.uk - Apr 22 2014]
Hong Kong regulators fine RBS £450,000 over tra... [Published NewsRT.co.uk - Apr 22 2014]
RBS fined in second regulatory wrist slap in un... [Published International Adviser - Apr 22 2014]
RBS Fined Over Hong Kong Rogue Trader Failings [Published International Business Times UK - Apr 22 2014]
Hong Kong Regional Symposium [Published Professional Liability Underwriting Society - Apr 15 2014]
Support for criminal charges for reckless bankers [Published Hedge Fund Journal - Mar 25 2014]
Unprecedented Ruling Forces Former Morgan Stanl... [Published Clusterstock - Dec 12 2013]
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Unprecedented Ruling Forces Former Morgan Stanl... [Published Clusterstock - Dec 12 2013]
SINGAPORE (Reuters) - A former Morgan Stanley banker convicted of insider trading will have to pay more than 290 investors a total of HK$23.9 million ($3.08 million) they lost out on, a Hong Kong court ordered on Thursday, in an unprecedented legal ...
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