ECB imposes record €12.18m penalty on JPMorgan Europe for capital misreporting
The European Central Bank has imposed its largest administrative penalty to date, fining JPMorgan’s European arm €12.18 million for prolonged misreporting of capital requirements between 2019 and 2024. The ECB found that the bank misclassified corporate exposures for 15 consecutive quarters, applying lower-than-permitted risk weights, and excluded certain transactions ...
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