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SFC, HKMA opt not to take action against RBS

Suzy Waite
The Royal Bank of Scotland will not face any disciplinary action from local authorities after it agreed to repurchase Lehman-linked equity notes sold to professional investors at 100%.
SFC, HKMA opt not to take action against RBS

Hong Kong’s monetary authority and securities regulator have opted not to take enforcement action against the Royal Bank of Scotland NV after the bank agreed to buy back Lehman Brothers-backed equity-linked notes it had sold to professional investors in 2007 and 2008.

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