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StanChart fined £46.6m for misreporting liquidity position
The Prudential Regulation Authority (PRA) said the fine related to reporting errors Standard Chartered made between March 2018 and May 2019 when it was subject to an "additional liquidity expectation" due to concerns about US dollar liquidity outflows.
The fine is the highest ever imposed by the PRA in a case where it was the sole enforcer, the watchdog said in a statement.