LONDON—The Bank of England said on Monday it was fining Standard Chartered 46.55 million pounds ($61.51 million) for misreporting its liquidity position to the regulator and for failings in its controls.
The Prudential Regulation Authority (PRA) said the fine related to when the regulator was concerned from late 2017 about a “heightened risk” of U.S. dollar outflows from Standard Chartered and had placed additional liquidity requirements on the bank.
