Commerzbank fiasco offers lessons to compliance and boards

Commerzbank fiasco offers lessons to compliance and boards

a photo of the commerzbank building in frankfurt

Governance failures and weak compliance at heart of $1.45bn fine Commerzbank’s $1.45 billion fine for US banking law violations a stark reminder of the consequences of gaping holes in a firm’s governance structure. The bank will now be under intense scrutiny to meet the remediation terms of its three-year deferred prosecution agreement.


Source: Risk feed

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