April 17, 2019 / 9:56 AM / 7 days ago

EU watchdog closes probe into regulators over Danske Bank

FILE PHOTO: General view of the Danske Bank building in Copenhagen, Denmark, September 27, 2018. REUTERS/Jacob Gronholt-Pedersen/File Photo

LONDON (Reuters) - The European Banking Authority has closed its probe into Danish and Estonian regulators in relation to a money-laundering scandal at Danske Bank, saying its board rejected a proposal to find the watchdogs in breach of European Union law.

“At a vote at its meeting on 16 April 2019 the EBA’s Board of Supervisors rejected a proposal for a breach of Union law recommendation,” the EBA said in a statement.

Reporting by Huw Jones; Editing by Rachel Armstrong

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