DNB får kritikk
Finanstilsynet påpeker flere svakheter hos storbanken.
DNB, the Norwegian bank, has faced criticism for weaknesses in its risk assessments, according to a report by Finanstilsynet, Norway's financial supervisory authority. The oversight covered DNB's evaluation of leveraged buyout loans, independent controls, and documentation of white-collar crime risk in its large corporate and international division (LCI).
The report, published on March 19th, highlighted issues such as inadequate distance between risk scenarios, lack of independent controls, and inadequate AML/CFT reporting. DNB has acknowledged the criticisms and announced plans to revise its credit guidelines to provide clearer visibility of non-financial risks in its decision-making process.
Brief written by urgent.news from E24 Norway's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
