LONDON (Reuters) – The London Metal Exchange (LME) has taken disciplinary action regarding the risk management systems of ABN AMRO Clearing Bank NV, which has agreed to pay a fine of 230,000 pounds ($299,200), the exchange said on Thursday.
The exchange, the world’s oldest and largest market for industrial metals, said a settlement was reached without ABN AMRO admitting or denying any of the alleged breaches.
($1 = 0.7687 pounds)
(Reporting by Eric Onstad; Editing by Mark Potter)
