Recently, UK regulators fined Morgan Stanley over £7 million (later discounted to about £5.5 million) for allowing its wholesale energy product traders to use Whatsapp instant messaging on personal devices. This resulted in the bank being unable to record and retain important communications regarding wholesale energy trading.
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For further information, please contact:
Probin Dass, Partner, Shook Lin & Bok
probin.dass@shooklin.com
