Central Bank fines JP Morgan unit €1.6m in first crackdown on fund companies

An Irish-based subsidiary of US banking giant JP Morgan Chase has been fined €1.6m by the Central Bank for regulatory breaches.

Central Bank fines JP Morgan unit €1.6m in first crackdown on fund companies
Wed, 26 Jun, 2019 - 17:32
Geoff Percival

An Irish-based subsidiary of US banking giant JP Morgan Chase has been fined €1.6m by the Central Bank for regulatory breaches.

The fine - which was reduced by 30%, from almost €2.3m - relates to three breaches of Irish regulations surrounding the outsourcing of fund administration activities.

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