Deutsche Bank Draws Fresh ECB Scrutiny Over FX Sales
- ECB tells Deutsche Bank to improve oversight and checks
- Instruction follows months after internal FX derivatives probe
The headquarters of Deutsche Bank AG reflected in the windows of an office building in Frankfurt.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Deutsche Bank AG has drawn fresh criticism from the European Central Bank over foreign-exchange sales even after the lender completed an internal probe into past practices that led to initial changes.
An ECB supervisory team has told Deutsche Bank that it needs to improve oversight and checks at its business that pitches FX derivatives such as swaps to European companies, according to people familiar with the matter.