SFC, HKMA opt not to take action against RBS
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%.
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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