Client assets: FCA final notice | Practical Law

Client assets: FCA final notice | Practical Law

The Financial Conduct Authority has issued a final notice to the Bank of New York Mellon London Branch and the Bank of New York Mellon International Ltd, imposing a fine of £126 million, reduced by 30% from £180 million for early settlement, for failings relating to client assets.

Client assets: FCA final notice

Practical Law UK Articles 9-614-4088 (Approx. 3 pages)

Client assets: FCA final notice

by Slaughter and May and Practical Law Financial Services and Practical Law Corporate
Published on 28 May 2015 • United Kingdom
The Financial Conduct Authority has issued a final notice to the Bank of New York Mellon London Branch and the Bank of New York Mellon International Ltd, imposing a fine of £126 million, reduced by 30% from £180 million for early settlement, for failings relating to client assets.