Regulator slaps Merrill Lynch with €2.75m fine

The Financial Regulator has entered into a settlement agreement with effect from October 22 with Merrill Lynch International Bank Ltd (MLIB) in relation to two separate incidents in which traders failed to appropriately value their positions.

Regulator slaps Merrill Lynch with €2.75m fine
Fri, 23 Oct, 2009 - 13:48

The Financial Regulator has entered into a settlement agreement with effect from October 22 with Merrill Lynch International Bank Ltd (MLIB) in relation to two separate incidents in which traders failed to appropriately value their positions.

Both incidents occurred in the London branch of MLIB.

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