Page 20 - HSBC (D) Case Study
P. 20
Following its signing of the DPA in 2012, HSBC embarked
on a worldwide programme of upgrading its compliance
systems to U.S. standards, raising its spending to more
than $1 billion a year. (6)
The DPA itself was lifted in December 2017.
Diagram 1: Comparison of U.S. and U.K. DPAs
Commenting on the expiry of the DPA, Gulliver said
improving compliance would “remain a top priority for
the bank into 2018 and beyond".
