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HomeStandard Chartered: Regulators Credibility Obliterated
Posted by Larry Doyle on August 17th, 2012 6:08 PM |
I spoke with Michelle Makori on China Central TV the other evening regarding the Standard Chartered – Iranian money laundering scandal. 3 minutes goes by very quickly.
Related Sense on Cents Commentary
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Larry Doyle
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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
Standard Chartered: Keep the Fine, Deliver The Truth
Posted by Larry Doyle on August 14th, 2012 7:59 AM |
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. –Arthur Schopenhauer
L’affaire Standard Chartered Bank – Iranian Money Laundering takes center stage tomorrow with an expected meeting between senior bank executives and Benjamin Lawsky, superintendent of the New York Department of Financial Services.
Recall that Lawsky just last week unilaterally castigated the UK-based bank for brazenly and wantonly eviscerating state and federal banking rules against dealing with Iranian entities. (more…)
Standard Chartered Scandal: “Asian Regulators Had Lost Faith in American Regulators”
Posted by Larry Doyle on August 13th, 2012 8:58 AM |
I would not expect that Benjamin Lawsky, superintendent of the New York State Department of Financial Services, is receiving many invitations on the Washington cocktail circuit currently.
When Lawsky recently brought to light the alleged longstanding Iranian money laundering activities at Standard Charted Bank, he not only dropped a bombshell on the institution, he dropped an even bigger explosive into the midst of America’s largest financial regulators. Good for him and for us.
We are long overdue for somebody with a real set of balls to expose the crony capitalism that defines our domestic and international banking and regulatory system these days. (more…)
