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German regulator orders Standard Chartered Bank AG to ensure proper business organization
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German regulator orders Standard Chartered Bank AG to ensure proper business organization
Standard Chartered Bank AG, headquartered in Frankfurt am Main, must ensure that its business organization is properly organized. The post German regulator orders Standard Chartered Bank AG to ensure proper business organization appeared first on FX News Group.
Standard Chartered Bank AG, based in Frankfurt am Main, must ensure that its business organisation is properly organised. Furthermore, the institution must retain additional own funds until the organisational deficiencies have been corrected. This is what the Financial Supervisory Authority has ordered BaFin to do.
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