German Finance Watchdog Fines Deutsche Bank

On 28 December 2021, the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has imposed an administrative fine amounting to EUR 8.66 million on Deutsche Bank AG. As a supervised contributor to EURIBOR, the bank at times did not have in place effective preventive systems, controls and policies within…