'Weaknesses in Danske Banks's IT risks governance' FCA says

Posted by Aktis Team on 25 November 2019

Danish Financial Supervisory Authority (FSA) concluded in its inspection report that Danske Bank’s IT risks governance has “significant weaknesses". Danske Bank reacted by promising to improve its IT control systems. Furthermore, the FSA pointed out the need to increase pillar II capital requirements, which the Bank has already complied with in the third quarter of the year.

Reuters, Nikolaj Skydsgaard, Stine Jacobsen, 15th November 2019

 

Topics: News Watch, Europe