Regulatory Alerts2026-04-27
Report on the Inspection of the Compliance Function at Danske Bank A/S
The Danish Financial Supervisory Authority (Finanstilsynet), together with Norwegian and Swedish regulators, issued an inspection report mandating Danske Bank A/S to rectify critical deficiencies in its Group Compliance and risk management functions. The report requires the bank to promptly update its MiFID investor protection risk assessments, ensure thorough monitoring of business unit compliance, and establish adequate guidelines and oversight for credit risk-related compliance monitoring. Furthermore, the bank must strengthen the risk management function's procedures for evaluating the effectiveness of remedial measures, although the inspection did not alter the institution's solvency requirements.
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