BofA Securities Europe fined €6.2m by ECB for misreporting risk
( March 30, 2026, 09:23 GMT | Official Statement) -- MLex Summary: The European Central Bank has fined BofA Securities Europe €6.2 million, for understating the risks on its trading book in reports filed between 2022 and 2024. The company — a division of Bank of America — had applied an unauthorized method to certain sovereign bond options, which lowered its reported risk exposure and made its capital position look stronger than it really was, the ECB said. The bank can challenge the decision in the EU's top court.Press release follows. ...
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