JP Morgan has been fined €1.6 million by the Central Bank for 'unacceptable' regulatory failings

An Irish subsidiary of the US investment bank had breached outsourcing rules.

AN IRISH SUBSIDIARY of US investment bank JP Morgan has been fined €1.6 million by the Central Bank after it was found to have breached Irish financial services regulations.

The Central Bank found that the firm’s Irish subsidiary JP Morgan Administration Services had breached rules governing the outsourcing of fund administration activities. 

Four distinct regulatory breaches were identified by the Central Bank, which all relate to the outsourcing of fund...
source: TheJournal

2019-06-26 13:31
Latest news from TheJournal
today 14:31 Over 5,000 Volvo cars in Ireland recalled over engine fire risk
today 12:25 Irish airport complaints rose by 56% in 2018
today 11:22 'Rare' common toad captured in Dublin following public appeal
today 11:22 Bank of Ireland warns customers over phishing text scam
today 10:19 Iran says it's arrested 17 'CIA spies' and sentenced some to death
today 10:19 UK's Europe minister resigns ahead of expected election of Boris Johnson as new PM
today 09:16 Boris Johnson says that if we can go to the moon, we can solve the Irish border problem
today 09:16 India counting down to launch spacecraft to the moon a week after postponing mission
today 08:13 Mob attack in Hong Kong leaves dozens wounded following protest march
today 08:13 Theresa May to hold emergency meeting as UK plots next step after Iran tanker seizure
today 08:13 Over 47,000 children waiting to see a specialist due to consultants shortage
today 08:13 Temperatures set to reach as high as 26 degrees as the week gets off to a warm, sunny start
today 08:13 Behind the scenes: Recording our 9 at 9 audio every morning
today 08:13 The 8 at 8: Monday
today 08:13 'Fear in people's faces': priest describes moment car ploughs through crowds at Dundalk grave yard
today 07:10 Whirlpool to launch recall of tumble dryers posing potential safety risk
today 06:07 Where's Fianna Fáil's promised 12-point plan on a United Ireland?
today 00:52 Home help care supports: How many people are waiting in your county?
today 22:46 'I was forced to pay twice': Only very small no of cars clamped in Dublin city successfully appealed
yesterday 21:43 Post pulled by the HSE as recruitment freeze goes on resulting in longer waiting times for patients
Latest news from Ireland
today 14:31 Over 5,000 Volvo cars in Ireland recalled over engine fire risk
today 14:28 Number of office romances falls as people turn to online dating
today 14:28 New Bill to boost development of offshore renewable energy, Govt say
today 14:28 David De Gea: I’d love to be handed Manchester United captaincy
today 14:28 Shamrock Rovers find out next opponents if they get through to next round of Europa League qualifying
today 14:28 ‘Happy Birthday Sarah’ trends after woman asked Twitter users for kind wishes
today 14:28 Ofcom will not investigate Love Island over complaints about treatment of Lucie
today 14:28 Danish police investigate after 100 gravestones vandalised
today 14:28 150 firefighters bring huge blaze at London shopping centre under control
today 14:28 Green light for apartments and housing proposal next door to Pat Kenny's home
today 14:28 Campaigner appeals for neighbours to be vigilant after pensioner who died in Cork lay undiscovered for seven months
today 14:25 ‘Happy Birthday Sarah’ trends after woman asked Twitter users for kind wishes
today 14:25 Ofcom will not investigate Love Island over complaints about treatment of Lucie
today 14:25 David De Gea: I’d love to be handed Manchester United captaincy
today 14:25 Shamrock Rovers find out next opponents if they get through to next round of Europa League qualifying
today 14:25 Danish police investigate after 100 gravestones vandalised
today 14:25 150 firefighters bring huge blaze at London shopping centre under control
today 14:25 Green light for apartments and housing proposal next door to Pat Kenny's home
today 14:25 Campaigner appeals for neighbours to be vigilant after pensioner who died in Cork lay undiscovered for seven months
today 14:07 Will extra week be enough to recharge Mayo's batteries?
today 14:07 The story of Ardnacrusha's "quiet revolution"
today 14:07 Heatwave set to bring record temperatures to northern Europe
today 14:07 Love Island's Joanna rules out Michael reunion
today 14:07 Super 8s - Week 2 report card
today 14:07 Portrush passes Open test and awaits swift return
today 14:07 Shane Lowry's proud grandmother has first brandy in ten years
today 14:07 Shane Lowry's proud grandmother has first brandy in ten years
today 14:01 Boris Johnson must swallow his pride and make a deal with Dublin
today 14:01 The Backdoor: Kerry’s curious wait for U20/21 glory goes on
today 14:01 Volvo recalls 507,000 vehicles because of faulty engine component
today 14:01 British Airways to go to court to block strike by pilots
today 14:01 Central Bank joins warnings over Government spending plans
today 14:01 Shane Lowry: Golfer’s granny attributes success to turf mould
today 13:55 ‘Mam, Dad, they put a lot of work into me. It’s nice to repay them with moments like last night’
today 13:55 Open champion Lowry soars back to career-high world ranking
today 13:55 Shamrock Rovers drawn with Austria Wien if they can progress in Europa League
today 13:55 Somali-Canadian journalist returns to her native home to prove its safe and is promptly killed in Muslim terror attack
today 13:28 Virgin and Sky won’t play ball on BT Sport Irish rights
today 13:25 The dos and don’ts of driving on a summer holiday in Ireland
today 13:25 Highlighting Galway's fabulous food scene with some expert advice
today 13:25 Irish chef Mark Moriarty discusses cocktail culture in Ireland
today 13:25 Annie Moore was the first immigrant through Ellis Island in 1892
today 13:25 Rave reviews for Irish star of country music movie "Wild Rose"
today 13:25 Famed poet Dylan Thomas and his wild adventures at the ancient Irish Puck Fair
today 13:25 Where to find the finest coastal scenery in Ireland, without all the tour buses
today 13:25 Sean Hannity and many Irish Americans forget they came from a shithole country
today 13:25 Laporte ready to battle for his Manchester City place
today 13:25 Shane Ross: Govt cannot resume FAI funding until we see independent reports
today 13:25 Gary Player 'quite choked up' about Shane Lowry's 'remarkable' Open victory
today 13:25 Bord Bia hoping to make spuds more a-peel-ing to millennials by making them 'Insta-friendly'
Watch the news from UK on Facebook