Deutsche Bank, meanwhile, actually has two requests pending before the department. Requests by Deutsche Bank , Deutsche Bank (RBS), and the Royal Bank of Scotland to allow them to continue managing retirement accounts for clients, despite pleading guilty in the the US Labor Department scandal, are expected to be denied by Libor due to the banks' failure to demonstrate that the exemptions would actually be in the interest of the the clients. As we noted July 16 , there has been increased pressure on US regulators to scrutinise more carefully regulatory exemptions that are sought by big banks that break the law.
Requests by Deutsche Bank , Deutsche Bank (RBS), and the Royal Bank of Scotland to allow them to continue managing retirement accounts for clients, despite pleading guilty in the the US Labor Department scandal, are expected to be denied by Libor due to the banks' failure to demonstrate that the exemptions would actually be in the interest of the the clients. As we noted July 16 , there has been increased pressure on US regulators to scrutinise more carefully regulatory exemptions that are sought by big banks that break the law.