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UBS Settles RMBS Dispute with DOJ for $1.4B

August 23, 2023 by Louis Chunovic

UBS Settles RMBS Dispute with DOJ for $1.4B

Kumbaya at last? UBS AG and “several” of its United States-based affiliates have agreed to pay the United States Department of Justice $1.435 billion to settle their RMBS dispute, which dates to 2006-2007. In other words, just before the first rumblings of the Great Recession. Which was when we all learned that RMBS stands for… Read More >>

Filed Under: Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Clearing, Operational Risk, Risk Management, Diversity, Equity, and Inclusion (DEI), Standards, AML/Fraud/Financial Crime, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting Tagged With: regulation, regulatory reporting, residential mortgage-backed securities (RMBS), RMBS, RMBS Working Group, The Great Recession, U.S. Department of Justice, UBS

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