Standard Chartered and Piramal Group: Regulatory Arbitrage, Insolvency Regimes and Risk Transfer
Standard Chartered and Piramal Group: Regulatory Arbitrage, Insolvency Regimes and Risk Transfer Posted on 7th February, 2026 (GMT 02:58 hrs) ABSTRACT This article examines the structural relationship between global banking institutions and large emerging-market conglomerates through a dual case analysis of Standard Chartered Bank and the Piramal Group between 2012 and 2026. Drawing on regulatory enforcement actions, insolvency proceedings, capital-market transactions, and litigation outcomes, the paper argues that recurrent compliance failures in global banking and aggressive corporate restructuring in emerging markets are not independent phenomena but mutually reinforcing processes. The analysis demonstrates how persistent anti-money laundering lapses, sanctions violations, and settlement-driven regulation in global banks coexist with—and indirectly enable—high-leverage expansion, legal insulation, and accountability dilution within domestic conglomerates. By situating the...