, First Hawaiian, Inc. has promoted Lea Nakamura as Chief Risk Officer and Darlene Blakeney as Chief Lending Officer, respectively. They will join the First Hawaiian Senior Management Committee and continue serving as members of the Senior Management Committee
Month: July 2023
French Financial Regulator AMF’s Enforcement Committee fines Banque CIC Sud-Ouest EUR 250.000
According the AMF, the Investment Bank didn’t employ an effective system for assessing the suitability of investments proposed to clients as part of their investment advisory service, and that they had failed to uphold their duty to classify customers in accordance with the rules.
French Investment firm Crédit Industriel et Commercial fined One Million Euros by French Regulator
AMF’s Enforcement Committee has imposed a one million euro fine on Crédit Industriel et Commercial for breaching regulations and obligations. According to the committee; The company failed to establish an operational system for assessing investment suitability, comply with client classification procedures, market financial instruments suited to clients’ profiles, and provide clients with accurate information on costs and fees.