The German financial regulator BaFin imposed an administrative fine of 8.66 million euros on Deutsche Bank (DB) for controls related to the Euro Interbank Offered Rate or EURIBOR.
BaFin alleged that the bank did not have in place effective prevenive systems, controls and policies.
The objective of the Benchmarks Regulation is to ensure valid benchmarks and prevent manipulation. It requires contributors to have in place effective systems and controls. Contributors are natural or legal persons who contribute data for determining benchmarks. In the European Union, the Euro Interbank Offered Rate (EURIBOR) is used as benchmark.
Breaches of the Benchmarks Regulation can be punished by imposition of a fine of up to ten percent of the total turnover.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.