A UK financial regulator has levied one of its largest fines on Credit Suisse First Boston for "not properly overseeing two of its traders" including Mushtaq Shah, former head of its convertible bond trading desk.
CSFB has been fined a total of £540,000 (€871,425) and reprimanded for management failings by the Securities and Futures Authority (SFA), a subsidiary of the Financial Services Authority (FSA), the UK financial regulator. The bank will also pay £40,600 towards the SFA's costs.
