PRA charges Citi’s UK branch for failings in reporting

Citi_Alamy_230x150_26Nov2019
By Jasper Cox
26 Nov 2019

The UK’s Prudential Regulation Authority has handed three Citigroup subsidiaries a fine of £43.9m for problems with its regulatory reporting, in particular in relation to one of their capital and liquidity positions.

The fine was imposed on Citigroup Global Markets Limited, Citibank NA London and Citibank Europe Plc UK. During at least part of the period between June 2014 and the end of last year, the firms failed to submit compete and accurate regulatory returns to the PRA.

The ...

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