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StanChart's German Unit Ordered to Fix Business Organization Following Regulatory Audit

MT Newswires·12/16/2025 09:30:28
語音播報
09:30 AM EST, 12/16/2025 (MT Newswires) -- Germany's Federal Financial Supervisory Authority ordered Standard Chartered (STAN.L) unit Standard Chartered Bank AG to roll out measures that will ensure proper business organization. The regulator said Tuesday it found deficiencies in the operations of the Frankfurt am Main-based unit of the British banking giant during a special audit in the first quarter. Due to the processes that impacted its loan origination and risk-bearing capacity determinations, BaFin found Standard Chartered Bank to be in violation of the German Banking Act. In addition, the regulator required the company to hold additional equity capital until the issues are fixed. StanChart did not immediately respond to a request for comment from MT Newswires.