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News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

The Swedish FSA continues investigation into Swedbank IT-incident

Source: Swedbank

The Swedish FSA has informed Swedbank that the authority is progressing its investigation of the IT-incident on April 28, and is now assessing a possible sanction.

The investigation concerns the IT-incident which resulted in incorrect account statements for customers.

Swedbank has taken forceful measures to prevent this from happening again.

Swedbank has continuously, during and after the disturbance, informed the Swedish FSA according to established procedure.

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