Before the end of the year, the Norwegian financial supervisory authority (FSA) will present the results of its probe into the case of Einar Aas' energy market blunder, which drained the majority of Nasdaq Commodities' collateral fund, sending the former tycoon onto the verge of personal bankruptcy, reports Norwegian media E24.no in reference to a response to the national parliament from finance minister Siv Jensen.
The FSA has opened an inspection case into Nasdaq Oslo aimed at the exchange's risk management and internal control, accuracy of member information, management of possible conflicts of interest as well as the securing of a well-ordered and confidence-instilling trading environment.
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