France puts Morgan Stanley on the naughty step

摘要

MORGAN STANLEY has been suspended as a primary dealer in France's sovereign debt market for at least three months by Agence France Tresor. AFT said it suspended the US bank for the execution in June 2015 of transactions that seriously affected the liquidity of the French sovereign bond market, in contradiction with its obligations as Specialist en Valeurs du Tresor (SVT). It said the bank's failure to comply with its disclosure obligation under the SVT Charter regarding the existence, as of June 2017, of an investigation by the Authorite des Marches Financiers (AMF) into the transactions was another reason for the suspension.