Kweku Adoboli was jailed this week having lost £1.5 bln in fraudulent trading on behalf of the Swiss banking giant.
The 2 regulators are currently investigating the actions, and are expected to announce large fines along with a reprimands. The FINMA cannot impose fines but will likely announce changes, the FSA however has the power to fine individuals at the bank who also new of Adoboli’s secret ‘umbrella’ account
More.. Guardian
