Danske Bank to improve IT governance following FSA inspection

FILE PHOTO: A Danske bank sign is seen on a bank's headquarters in Copenhagen

COPENHAGEN (Reuters) - Denmark's biggest lender Danske Bank said on Monday it would improve governance of its IT systems following an inspection of the systems by the Danish Financial Supervisory Authority (FSA).

"We are taking the FSA's report into consideration and will undertake the necessary measures to ensure compliance with its orders," Danske Bank said in a statement.

The FSA said in an inspection report published on Monday it had found "significant weaknesses in its governance of IT security and risks."

The FSA also ordered Danske Bank to increase its so-called pillar II capital requirements by a minimum of 2 billion Danish crowns ($295 million) which it said Danske had already done in the third quarter of this year.

(Reporting by Nikolaj Skydsgaard and Stine Jacobsen; editing by Jason Neely)