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Société Générale Fined €4m for Internal Control Failures

At 07 Jul 2008 10:20:45 in MM-Regulators, MiFIDMonitor.com    Print Article  Email Article   Full content requires subscription 

French bank Société Générale is being fined €4 million over “grave deficiencies” in its internal controls that failed to prevent €4.9 billion in losses last year. The fine is at the upper end of the maximum possible of €5 million.



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