Officials of the Financial Services Services ( FSS ) in Korea have ordered the Korean branch of UK - based Standard Chartered to improve its decision - making process after the bank failed to meet some international regulatory standards regarding dividend payouts to its parent firm .
Officials of the Financial Supervisory Services (FSS) in Korea have ordered the Korean unit of UK-based Standard Chartered to improve its decision-making process after the bank failed to meet some business practice standards regarding dividend payouts to its parent firm.