BREAKING NEWS

BREAKING NEWS

EU bank watchdog examines Danske bank's supervisor

EU bank watchdog examines Danske bank's supervisor
FILE PHOTO: Danske Bank sign is seen at the bank's Estonian branch in Tallinn, Estonia August 3, 2018. REUTERS/Ints Kalnins/File Photo -
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Ints Kalnins(Reuters)
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LONDON (Reuters) - The European Union's banking supervisor said on Monday it has begun preliminary inquiries into how Denmark's financial watchdog supervised Danske Bank <DANSKE.CO>, which faces a widening probe into suspected money laundering.

"We are doing preliminary breach of union law inquiries on... the Danske bank case in Denmark," European Banking Authority Chair Andrea Enria told the European Parliament.

(Reporting by Huw Jones; Editing by Adrian Croft)

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