Danske Financial institution to enhance IT governance following FSA inspection

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FILE PHOTO: A Danske financial institution check in Copenhagen, Denmark October 22, 2019. Information/Nikolaj Skydsgaard/File Photograph

COPENHAGEN (Information) – Denmark’s greatest lender Danske Financial institution stated on Monday it might enhance governance of its IT methods following an inspection of the methods by the Danish Monetary Supervisory Authority (FSA).

“We’re taking the FSA’s report into consideration and can undertake the mandatory measures to make sure compliance with its orders,” Danske Financial institution stated in an announcement.

The FSA stated in an inspection report revealed on Monday it had discovered “vital weaknesses in its governance of IT safety and dangers.”

The FSA additionally ordered Danske Financial institution to extend its so-called pillar II capital necessities by a minimal of two billion Danish crowns ($295 million) which it stated Danske had already performed within the third quarter of this yr.

Reporting by Nikolaj Skydsgaard and Stine Jacobsen; modifying by Jason Neely