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

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Sweden's financial watchdog fines Swedbank $1.3 million

Published by Global Banking and Finance Review

Posted on May 14, 2025

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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)

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