LONDON, ENGLAND (AFP) – Britain’s financial watchdog said on Tuesday it had fined Japanese bank Nomura 1.75 million pounds ($4 million) for “widespread” failures of systems and controls used in the trading of “high-risk” products.
Nomura avoided a bigger fine because it cooperated fully and swiftly with investigators regarding “mis-marking” at its London-based subsidiary Nomura International, the [...]

Risk Management, structured products, UK Hide