UK Prudential Regulation Authority fines Standard Chartered Bank £46.55 million

2021-12-20 08:24:25

Asian Tech Press (Dec 20) -- The Prudential Regulation Authority (PRA) has fined Standard Chartered 46.55 million pounds ($615.1 billion) for "failing to be open and cooperative with the PRA and for deficiencies in regulatory reporting on governance and controls relating to specific PRA liquidity expectations," according to Reuters and Bloomberg.

This is the largest fine ever imposed by the agency in an enforcement case conducted solely by the PRA.

UK regulators Standard Chartered Bank

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