StanChart NY settlement prompts regulatory action.

• Autores: Ashley Lee
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 9 (Oct2014), 2014
• Idioma: inglés
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• Resumen

  • The article discusses the immediate responses by the Hong Kong (HK) Monetary Authority and the United Arab Emirates' (UAE) central bank to financial services (FS) company Standard Chartered's settlement with the New York Department of FS in relation to the high-risk transactions from its HK and UAE subsidiaries. Topics covered include the terms of the settlement, and the implications of the settlement on global banks.