FCA Fines BNY Mellon $185M For Compliance FailuresMani
The Financial Conduct Authority, Britain’s market regulator, has fined the Bank of New York Mellon $185 million (£126 million) for failing to protect its customers’ assets. The fine is the eighth largest ever imposed by the FCA.
Breaches spanned nearly six years
The FCA has fined the bank's London branch and its international business $185 million for failing to comply with the FCA Client Assets Sourcebook (Custody Rules, or CASS), which . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.