In a significant regulatory development, Swedbank $SWED-A.ST, one of Sweden's largest financial institutions, has been slapped with a fine by the Swedish Financial Supervisory Authority (Finansinspektionen). The fine, amounting to 12.5 million SEK (approximately 1.29 million USD), was imposed due to the bank's failure to comply with security regulations between July 2022 and January 2024. The violation concerns the bank's inadequate procedures related to the assessment and implementation of security measures. This decision highlights the growing importance of robust security protocols in the banking industry and raises questions about how institutions are addressing compliance in a rapidly evolving regulatory environment.