Regulation without Enforcement Is No Regulation at All, Part 2: Standard Chartered plc denies wrongdoing, stock price partially recovers

We posted on August 6 about the order issued to Standard Chartered Bank by the New York State Department of Financial Services, alleging that its US subsidiary had “schemed with the Government of Iran and hid from regulators roughly 60,000 secret transactions, involving at least $250 billion, and reaping SCB hundreds of millions of dollars in fees.” … Read More →