Hong Kong Securities and Futures Commission imposes $23.8mln fine on Deutsche Bank for administrative breaches between 2015 and 2023.

The Hong Kong Securities and Futures Commission has fined Deutsche Bank 23.8 million Hong Kong dollars (approximately 2.6 million euros) for violations between 2015 and 2023. The violations include excessive administrative fees for customers and incorrect risk ratings for products. The bank has not commented on the matter.

The Hong Kong Securities and Futures Commission (SFC) has fined Deutsche Bank HK$23.8 million (approximately €2.6 million) for regulatory breaches spanning from 2015 to 2023. The violations include overcharging clients on management fees, incorrect assignment of product risk ratings, and failure to disclose investment banking relationships in certain research reports. The bank has not responded to a Reuters request for comment.

According to the SFC, the breaches occurred over an eight-year period and affected various aspects of Deutsche Bank's operations, including its management of client fees and the accuracy of its research reports. The fines are part of the SFC's ongoing efforts to maintain the integrity of the financial markets and ensure compliance with regulatory requirements.

The SFC's decision to fine Deutsche Bank follows a similar action taken against HSBC, which was fined HK$4.2 million for incorrect disclosures on investment banking relationships in research reports between 2013 and 2021. Both incidents highlight the importance of transparency and accuracy in financial reporting and the need for banks to implement effective systems and controls to prevent such breaches.

References:
[1] https://www.reuters.com/sustainability/deutsche-bank-fined-hk238-million-by-hong-kong-securities-regulator-over-2025-08-28/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_P8N3QF04U:0-deutsche-bank-fined-hk-23-8-million-by-hong-kong-securities-regulator-over-regulatory-breaches/