| The high significance of compliance risk | | | | re-branded as Santander price, and being a part |
| management is illustrated with the high-profile | | | | of the gigantic Emilio Botin Banco Santander |
| Employment Tribunal case Chagger v Abbey | | | | Central Hispano Group - BSCH) terminated Mr |
| National plc & Hopkins (2006), where the Tribunal | | | | Chagger's employment in 2006, claiming the |
| found unfairness and race discrimination and (after | | | | dismissal was the outcome of a fair compulsory |
| Emilio Botin Abbey Santander bank refused to | | | | redundancy exercise. Mr Chagger, on the other |
| re-employ Mr Chagger, as the Tribunal had | | | | hand, claimed that the actual reasons behind his |
| ordered in order to remedy the situation without | | | | termination were unfairness and racial |
| financial compensation) ordered Abbey Santander | | | | discrimination. Balbinder Chagger was of Indian |
| group to pay Mr Chagger the record-breaking | | | | origin. He worked for Emilio Botin Abbey Grupo |
| £2.8 million compensation award to cover his | | | | Santander shares price as a Trading Risk |
| loss. Abbey Santander shares (the UK retail bank | | | | Controller, earning around £100,000 a year |
| saved from its financial troubles by Luqman | | | | and reporting into Nigel Hopkins. |
| Arnold and Stephen Hester, soon to be | | | | |