The Prudential Regulation Authority (PRA) has imposed a financial penalty on Standard Chartered Bank (SCB) of £46.55 million for failing to be open and cooperative.
The fine was also imposed for failings in its regulatory reporting governance and controls in relation to a tailored PRA liquidity expectation.
In October 2017, the PRA imposed a temporary additional liquidity expectation on SCB in response to concerns about heightened risk of USD liquidity outflows (the liquidity metric).
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