A woman walks on the debris of her collapsed house in the earthquake-hit Yao'an county, Yunnan province, on July 10, 2009. UBS said the earthquake prevented it from verifying the existence of China Forestry Holdings’ assets. Photo: Reuters/China DailyA woman walks on the debris of her collapsed house in the earthquake-hit Yao'an county, Yunnan province, on July 10, 2009. UBS said the earthquake prevented it from verifying the existence of China Forestry Holdings’ assets. Photo: Reuters/China Daily
A woman walks on the debris of her collapsed house in the earthquake-hit Yao'an county, Yunnan province, on July 10, 2009. UBS said the earthquake prevented it from verifying the existence of China Forestry Holdings’ assets. Photo: Reuters/China Daily

What’s a good reason for an investment bank to shirk its responsibility? Earthquake

  • Industry experts say the penalties are not tough enough to prevent misconduct

Topic |   SFC
A woman walks on the debris of her collapsed house in the earthquake-hit Yao'an county, Yunnan province, on July 10, 2009. UBS said the earthquake prevented it from verifying the existence of China Forestry Holdings’ assets. Photo: Reuters/China DailyA woman walks on the debris of her collapsed house in the earthquake-hit Yao'an county, Yunnan province, on July 10, 2009. UBS said the earthquake prevented it from verifying the existence of China Forestry Holdings’ assets. Photo: Reuters/China Daily
A woman walks on the debris of her collapsed house in the earthquake-hit Yao'an county, Yunnan province, on July 10, 2009. UBS said the earthquake prevented it from verifying the existence of China Forestry Holdings’ assets. Photo: Reuters/China Daily
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