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Standard Chartered fined Rs 6.27bn over liquidity reporting and failure to be ‘open and co-operative’

KATHMANDU: The UK’s Prudential Regulation Authority has fined Standard Chartered more than Rs6.27bn (£46.5m) for repeatedly reporting a key liquidity metric incorrectly and not being “open and co-operative” with one of Britain’s most important financial regulators. The fine, the highest ever handed down by the PRA in an enforcement...

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