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Danish FSA review of Saxo Bank’s handling of CHF incident: Only two specific criticisms
The Danish FSA concludes that the method applied by Saxo Bank contributes to an equal treatment of clients in accordance with its internal procedures and the regulation on investor protection, with the exception of two reprimands which Saxo Bank acknowledges. Saxo Bank has today announced that the Finanstilsynet (the Danish FSA) has concluded its investigation into the company’s handling of the volatility created by the removal of the 1.20 peg on the Euro by the Swiss National Bank on January 15 this year. Saxo Bank has issued a notice on its website today, stating that on 15 January 2015, the Swiss National ... (full story)