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The European Banking Authority refused to act on the Danske Bank money-laundering scandal (Photo: eba.europa.eu)

'Disappointing' watchdog may get new EU banking role

The EU banking watchdog which refused to act on €200bn of illicit Russian money may now end up getting a supervisory role on EU anti-money laundering rules.

The European Banking Authority's (EBA) board early last year shelved an internal report exposing how Danske Bank had done business with thousands of "suspicious" clients.

But the European Commission is now suggesting the authority as an option for a new supervisor role as a p...

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The European Banking Authority refused to act on the Danske Bank money-laundering scandal (Photo: eba.europa.eu)

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