The Monetary Authority has suspended DBS Bank (HK) staff Ko Wai-ling from its register until October 13 due to his failure to disclose the risk of a Lehman Brothers-related product to a client.

An investigation found in the course of selling Constellation Credit Linked Note in July 2007, Ko failed to diligently disclose and explain to the client the product risks involved and did not ensure product suitability for the client.

He also failed to complete the risk disclosure statement in accordance with the bank's internal controls.

In deciding the disciplinary sanction, the authority has taken into account all the circumstances of the case, including the extent of the client's losses and Ko's clear disciplinary record.