Deutsche Bank fined 7.5 million dollars for false positives

The US Financial Supervision Authority (Financial Industry Regulatory Authority) imposed a fine of 7.5 million dollars on Deutsche Bank.　　It is reported that Deutsche Bank in the issuance of subprime mortgage-backed securities due to negligence reported the default data.　　According to the Wall Street Journal website, the US Financial Supervision Authority concluded that Deutsche Bank was suspected of mistakenly reporting a mortgage default rate in a supplemental document when it issued 6 subprime mortgage-backed securities in 2006. In addition, the US financial Supervision authority said Deutsche Bank failed to correct the failure of Third-party suppliers and service providers to report default rates on mortgage loans in 2007 when it offered and sold 16 subprime mortgage-backed securities.　　The agency also said Deutsche Bank failed to establish a system to oversee the reporting of historical default information.　　The U.S. Financial Supervision Authority is the self-regulatory organization of the U.S. securities industry. Deutsche Bank neither admits nor denies the allegations, but defaults to the financial Supervision Authority's findings. Renee Calabro, Deutsche Bank spokeswoman, said: "We have worked closely with the financial Supervision authority throughout the survey and are pleased to be able to solve the problem." ”