Deutsche Bank is planning to ramp up staff e-mail monitoring, in an effort to reduce the risk of compliance breaches.
The firm has invited tenders for an e-mail monitoring system that will scan messages for content and flag potential compliance abuses.
Andrew Proctor, Deutsche Bank’s head of compliance in Britain and Western Europe, told Reuters: “[After] discussion between compliance and senior management we see it as prudent to monitor our risk to reduce the risk of breaches.”
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He said that the new system will check for certain keywords in e-mail traffic on particular transactions, or between particular groups of staff, or e-mails at particular times.
Deutsche Bank is still awaiting the result of an investigation in 2004 by the Financial Services Authority into an employee who was suspected of using e-mail to give a misleading impression about how well a sale of Scania AB shares had gone.
