SFC, HKMA opt not to take action against RBS

Hong Kong’s monetary authority and securities regulator have opted not to take enforcement action against the Royal Bank of Scotland NV after the bank agreed to buy back Lehman Brothers-backed equity-linked notes it had sold to professional investors in 2007 and 2008. RBS, formerly known as ABN Amro NV, agreed to buy them back at 100% of the principal value for each eligible customer’s investment, mirroring July's repurchase programme for retail clients. It had sold equity-linked …