Violation Tracker UK Individual Case

Company: Standard Chartered Bank
Current Parent Company: Standard Chartered
Penalty: £46,550,000
Year: 2021
Date: 20 December, 2021
Offence Group: financial offences
Offence Type: internal controls deficiency
Violation Description: The Prudential Regulation Authority imposed a financial penalty on Standard Chartered Bank of £46.55 million for failing to be open and cooperative with the PRA and for failings in its regulatory reporting governance and controls in relation to a tailored PRA liquidity expectation.
Action Type: agency action
Agency: Prudential Regulation Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data: (click here)