Deutsche Bank's reporting and controls under further scrutiny

Deutsche Bank - External

German and British regulators are examining Deutsche Bank’s systems and controls as questions have again arisen about the German lender’s reporting procedures.

The New York Times reports that the Financial Conduct Authority of Britain placed Deutsche Bank’s London office under so-called enhanced supervision last year after it was fined £4.7m by the regulator in August for reporting failures, a person briefed on the situation said on Friday.

Separately, the German Federal Financial Supervisory Authority said on Friday that it had begun an inquiry into whether Deutsche Bank violated German securities regulations in disclosing its earnings for the fourth quarter of 2014 on Thursday.

Hit the link below to access the complete New York Times News article:

German and British Regulators Examining Deutsche Bank’s Controls and Reporting

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