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BaFin – XtremeCuztoms

Tag: BaFin

Russian Bank VTB No Longer Has Control of European Subsidiary: German Regulator

April 12, 2022
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FRANKFURT—Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said on Sunday. The European Union on Friday formally adopted new sanctions against Russia, which will ban a range of imports and also ban all transactions with four Russian banks, including VTB. BaFin…

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German Finance Watchdog Fines Deutsche Bank for EURIBOR Controls

December 29, 2021
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FRANKFURT—The German financial regulator BaFin on Wednesday said it had fined Deutsche Bank $10 million for controls related to the Euro Interbank Offered Rate (EURIBOR), a setback for the nation’s largest lender as it seeks to restore its reputation. The fine of 8.66 million euros ($9.77 million) is the first imposed by BaFin under a…

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