German Rating Agency Fined €2.2mn for Non-Compliance

By
Klaus Mueller
1 min read
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A German rating agency has been fined a hefty sum of €2.2 million due to non-compliance with regulations related to Greensill. The agency failed to adhere to the prescribed standards, resulting in severe repercussions. The penalty serves as a stern warning to financial institutions to adhere to strict guidelines to avoid similar consequences in the future.

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