BaFin supervisory measure relating to Standard Chartered Bank AG

Following BaFin’s publication of a supervisory measure relating to Standard Chartered Bank AG, the Bank’s official statement is set out below:

We are cooperating fully with BaFin to remediate findings following their special supervisory audit. We remain well capitalised and effectively structured to support our growth ambitions and our clients with their business needs.

We take this matter very seriously and have already implemented corrective actions to ensure we fulfil all aspects of the remediation within the timeframe set by the regulator.

Our presence in Europe is pivotal to delivering the strategic aspirations of the bank and we continue to invest in our activities across the region.