Frankfurt The financial supervisory authority has once again targeted subsidiaries of Deutsche Börse for deficiencies. The Federal Financial Supervisory Authority (Bafin) found weaknesses in Clearstream Banking AG and Clearstream Holding AG, as the inspectors announced on Thursday evening. Deficiencies were also reported at the subsidiary Eurex Clearing AG.
The supervisors required the companies to ensure proper business organization. At Eurex Clearing AG, they also ordered appropriate internal security measures to be taken. The Bafin had identified deficiencies in risk management.
In securities trading at Deutsche Börse, the companies take care of settlement and custody, among other things. They must regularly inform the financial supervisory authority and the Bundesbank about the progress made in rectifying deficiencies. It is not the first time that Bafin has identified deficiencies in Deutsche Börse subsidiaries.
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