BNP Gets Add’l Capital Requirements From Swiss FINMA on Probe
2014-06-30 22:29:25.342 GMT
By Jim Silver
July 1 (Bloomberg) -- BNP Paribas (Suisse) violated duty to
monitor risks involved in dealing with partners in countries
under U.S. sanctions, Swiss financial markets regulator says in
statement.
* FINMA will order add’l capital adequacy requirements for
operational risks and 2-yr ban on conducting business with
cos. or people under EU and/or U.S. sanctions
* FINMA says it will continue probing extent to which board,
management, other employees in Swiss unit were involved in
misconduct
* Statement: NSN N8055CBE5TS3 <GO>
Link to Company News:BNP FP <Equity> CN <GO>
For Related News and Information:
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First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jim Silver in New York at +1-212-617-7342 or
jsilver@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
Joanna Ossinger
2014-06-30 22:29:25.342 GMT
By Jim Silver
July 1 (Bloomberg) -- BNP Paribas (Suisse) violated duty to
monitor risks involved in dealing with partners in countries
under U.S. sanctions, Swiss financial markets regulator says in
statement.
* FINMA will order add’l capital adequacy requirements for
operational risks and 2-yr ban on conducting business with
cos. or people under EU and/or U.S. sanctions
* FINMA says it will continue probing extent to which board,
management, other employees in Swiss unit were involved in
misconduct
* Statement: NSN N8055CBE5TS3 <GO>
Link to Company News:BNP FP <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Jim Silver in New York at +1-212-617-7342 or
jsilver@bloomberg.net
To contact the editors responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
Joanna Ossinger