German Finance Regulator Bans Bank Melli From Issuing Loans

October 8, 2021

Author: 

Joseph Nasr

Publication: 

Reuters

Related Country: 

  • Germany

Germany's financial regulator banned Bank Melli's Hamburg branch from issuing new loans on October 7. According to the regulator, BaFin, the bank had violated the "four-eyes principle," a transparency rule to increase regulatory oversight over certain decisions.