Danish regulators have warned Danske Bank that failings in its AML procedures put it at risk of breaching sanctions, three years after the discovery of a record-breaking €200 billion money laundering operation flowing through the bank’s now-defunct Estonian branch.
24 November 2021
Bird & Bird has hired the head of Swedish firm MAQS’ banking practice, a former in-houser at Danske Bank, as a new financial regulation partner in Stockholm; while the former deputy general counsel at New York’s Department of Financial Services has joined Arnold & Porter.
12 May 2021
Sweden’s banking regulator is proposing a new method for assessing capital contributions within Pillar 2 for interest rate risks outside the trading book.
17 June 2020
Sweden’s regulator FI has told banks to improve their continuity management strategy, suggesting they include it as an integral part of their risk strategy.
09 June 2020
Sweden’s banks have handed over control of the Stibor benchmark to a New Zealand-based independent administrator, as the benchmark prepares to become fee liable next month.
21 April 2020
Regulators across the world are easing capital restrictions in response to the COVID-19 pandemic – with the Bank of England warning UK banks not to use freed-up cash for bumping up bonuses and dividends.
13 March 2020
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