€600k fine for bank breaches

SCOTIABANK Ireland has been fined €600,000 by the Central Bank for several breaches of banking regulations.

€600k fine for bank breaches
Thu, 09 Jun, 2011 - 01:00
Brian O'Mahony

In 2008, the firm notified the Central Bank that calculations of quantitative liquidity ratios were wrong.

It also reported that discounted liquid assets were overstated by $300 million due to the inclusion of certain Investment Grade Securities in the calculation.

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