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    Home > Headlines > Sweden's financial watchdog fines Swedbank $1.3 million
    Headlines

    Sweden's financial watchdog fines Swedbank $1.3 million

    Published by Global Banking & Finance Review®

    Posted on May 14, 2025

    1 min read

    Last updated: January 23, 2026

    Sweden's financial watchdog fines Swedbank $1.3 million - Headlines news and analysis from Global Banking & Finance Review
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    Quick Summary

    Sweden's financial authority fined Swedbank $1.3 million for security protection violations between July 2022 and January 2024.

    Swedbank Faces $1.3 Million Fine from Sweden's Watchdog

    STOCKHOLM (Reuters) -Sweden's financial supervisory authority said on Wednesday it had fined Swedbank 12.5 million crowns ($1.29 million) for violations of security protection regulations between July 2022 and January 2024.

    "The bank has not complied with rules on how companies that conduct security-sensitive activities should investigate the need for security protection and what a security protection analysis should contain," it said in a statement.

    ($1 = 9.7102 Swedish crowns)

    (Reporting by Anna Ringstrom, editing by Terje Solsvik and Louise Rasmussen)

    Key Takeaways

    • •Swedbank fined 12.5 million crowns by Sweden's financial authority.
    • •Violations occurred between July 2022 and January 2024.
    • •Issues related to security protection regulations.
    • •The bank failed to conduct proper security protection analysis.
    • •Exchange rate: $1 equals 9.7102 Swedish crowns.

    Frequently Asked Questions about Sweden's financial watchdog fines Swedbank $1.3 million

    1What is the main topic?

    The main topic is the $1.3 million fine imposed on Swedbank by Sweden's financial watchdog for security protection violations.

    2Why was Swedbank fined?

    Swedbank was fined for not complying with regulations on security protection analysis and investigation.

    3What is the exchange rate mentioned?

    The exchange rate mentioned is $1 equals 9.7102 Swedish crowns.

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