Deutsche Bank AG CEO Christian Sewing will annually certify that the bank is adhering to a recent settlement with a U.S. regulator, Bloomberg News reported.

This term of the settlement could mean that Sewing could be held responsible for future missteps of the bank, according to the Oct. 1 report.

In June, the company settled with the U.S. Commodity Futures Trading Commission for alleged supervision failures as well as violation of various swap data reporting requirements and a 2015 order.

Under U.S financial rules, settlement with CFTC often leads to knock-on penalties imposed by the U.S. Securities and Exchange Commission, which could have meant unit DWS Group GmbH & Co. KGaA losing its ability to manage mutual funds.

According to Bloomberg, Deutsche did not know it needed a waiver, and after frantic negotiations managed to secure on on Sept. 24. However, the waiver included the condition that the lender's CEO and top lawyer must certify that the bank is complying with the CFTC settlement for three years.

A DWS spokesman told the newswire the situation did not affect its business.