European Banking Authority is asked to investigate oversight of Danske Bank

COPENHAGEN (Reuters) - The European Commisssion has asked the European Banking Authority (EBA) to investigate what went wrong in the oversight of Danske Bank’s Estonian branch, which is at the centre of a major money laundering scandal, it said on Sunday, confirming a report in Financial Times.

The Commission has also sent letters, written at the request of justice commissioner Vera Jourova, to the Danish and Estonian governments to ask about the case and its supervision, the spokesman said.