The Swiss bank failed to report accurately thousands of transactions involving financial trades including equity derivatives and structured products
The UK Financial Conduct Authority (FCA) has ordered UBS to pay a £27.6 million penalty by for failings relating to 135.8 million transaction reports between November 2007 and May 2017. UBS failed to ensure it ‘provided complete and accurate information’ in relation to approximately 86.67m reportable transactions. Altogether, over a period of nine and a half years, UBS made 135.8m errors in its transaction reporting, breaching FCA rules. According to the regulator, over the c
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