It is not that the Bank of England’s opinion was that Citi failed to meet its regulatory reporting requirements, which caught my attention.

Andy Watkin-Child
November 28, 2019
Regulation & Compliance

It is not that the Bank of England’s opinion was that Citi failed to meet its regulatory reporting requirements, which caught my attention. It is the size of the fine which they levied on Citi, a record fine for the UK regulator at £44Mn. For failing to meet obligations and not setting the appropriate capital or liquidity positions over a 4 year period.

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It is not that the Bank of England’s opinion was that Citi failed to meet its regulatory reporting requirements, which caught my attention.

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