Internal investment strategies were enough to justify police report

The different internal investment strategies in the Danske Bank group alone could have led to the Danish FSA filing a report with the police, FinansWatch reports. Although the bank did not intend to manipulate markets, a stock exchange law professor describes the case as serious.

Photo: Finn Frandsen/Politiken/Ritzau Scanpix

It was quite a surprise, not least for Danske Bank itself, when the Danish FSA (Finanstilsynet) announced on Wednesday that it had reported the bank to the police for market abuse.

The police report comes after an inspection carried out in December 2019, where the bank was given six fines for a lack of share trading observation. Now, the financial authority believes Danske Bank is guilty of market manipulation.

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