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EU watchdog closes probe into regulators over Danske Bank

Written by Business World, on 17th Apr 2019. Posted in World

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The European Banking Authority has closed its probe into Danish and Estonian regulators in relation to a money-laundering scandal at Danske Bank , saying its board rejected a proposal to find the watchdogs in breach of European Union law.

"At a vote at its meeting on 16 April 2019 the EBA's Board of Supervisors rejected a proposal for a breach of Union law recommendation," the EBA said in a statement. (Reuters)

Source: www.businessworld.ie

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