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 - Copyright Ints Kalnins(Reuters)

By Reuters

Published on 08/10/2018 - 16:34•Updated 26/04/2024 - 13:28

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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.