EU watchdog closes probe into regulators over Danske Bank

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)