Tsang was remorseful, admitted her mistake to RBS and repaid the bank her bonus.
Tsang's 'colossal misjudgment' was said to be due to work stress and depression caused by her brother’s death, he said. She could’ve been jailed for as long as seven years.
'Financial services offenses are being treated with increasing severity', said Denis Brock, a litigation partner at King & Wood Mallesons. 'This might suggest a trend that whilst individuals were, in the past, less familiar with the opprobrium which such offenses generated, there is no longer any excuse', he said.
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