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EU clears Danish and Estonian regulators in €200bn bank scandal
By EUobserver
The European Banking Authority (EBA) has cleared Danish and Estonian financial regulators of breaking any EU laws in their handling of a €200bn money laundering scandal at Danish lender Danske Bank and its Estonian branch. The EBA, which has just two full-time staff dealing with money laundering, also did not issue recommendations for change in its decision Wednesday. Questions over regulators' "responsibility" remained "unanswered" Jeppe Kofod, a Danish MEP, said.