Probe is said to relate to divisional compliance chief’s supervision of systems and controls

Former City editor

A senior compliance executive at HSBC is being investigated by the UK markets watchdog.

Paul Watson, the head of regulatory compliance for HSBC’s global banking and markets division, was today reported to be subject to an ongoing and weeks-long inquiry by the Financial Conduct Authority.

HSBC compliance chief under investigation

Lucy McNulty

HSBC

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