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Deutsche Bank fined nearly $10m over rate setting failures
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fnlondon.comDeutsche Bank was fined nearly $10m by Germany's financial regulator on 29 December for not having strong enough controls around data submissions that help set a European interest-rate benchmark.
Deutsche Bank "at times did not have in place effective preventive systems, controls and policies to ensure the integrity and reliability of all contributions of input data to the administrator," the regulator, BaFin, said.
The...
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