Standard Chartered faces RBI scrutiny over lapses in derivatives sales #RBI #Banks Read more here👇 https://t.co/sD3MiKOq7m
#StandardChartered faces RBI scrutiny over lapses in derivatives sales https://t.co/TshXNIc2bN
StanChart faces RBI scrutiny over lapses in derivatives sales that can cause significant losses https://t.co/WklijxliJ5
Standard Chartered Plc is under regulatory examination by the Reserve Bank of India after supervisors uncovered lapses in the bank’s sale of derivatives and deficiencies in its risk-management controls, according to people familiar with the matter. Regulators are reviewing whether the shortcomings could expose clients to significant losses and are assessing the effectiveness of the London-based lender’s internal safeguards. The scrutiny adds to a series of compliance challenges facing global banks operating in the Indian market.
