FCA bans former UBS trader over Adoboli losses

摘要

Britain's financial regulator has banned a former senior ubs trader for failing to adequately supervise his junior colleague Kweku Adoboli, the "rogue trader" jailed in 2012 for running up US$2.3bn in unauthorised trading losses. Announcing its first ban from regulated financial jobs for such a failure, the financial conduct authority said John Hughes had been aware of Adoboli's actions but had failed to challenge, report him or act as a role model with "catastrophic consequences".