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Standard Chartered Plc

Standard Chartered announce end of Independent Consultant term

Standard Chartered (LON:STAN) has today announced that, as of 31 December 2019, the term of the Independent Consultant, appointed by the New York State Department of Financial Services pursuant to the 21 November 2018 Second Supplemental Consent Order, terminated and the business restrictions previously imposed by the NY DFS (specifically, the prohibitions, obligations, and suspensions set forth in paragraphs 7, 8, and 9 of the 19 August 2014 Consent Order) are no longer in effect.

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets across more than 70 countries and employs around 87,000 people.