Regulatory Alerts2026-03-10
Federal Reserve Board Terminates Enforcement Actions Against ICBC and Standard Chartered
The Federal Reserve Board announced the termination of enforcement actions against Industrial and Commercial Bank of China Ltd., its New York Branch, Standard Chartered PLC, and Standard Chartered Bank. This decision formally concludes four regulatory instruments—a 2021 written agreement and three cease-and-desist orders issued between 2012 and 2024—that previously mandated specific compliance measures. The termination takes effect in late February 2026, removing ongoing supervisory restrictions and allowing the institutions to resume full operational compliance.
Share