The European Central Bank (ECB) has sanctioned Allied Irish Banks plc and its subsidiary EBS dac with penalties of 420,000 euros and 195,000 euros respectively, for miscalculating their risk-weighted assets, which affected intragroup equity exposures.
Berichten Getagged: ECB
Judgement of the court in Case C-219/17 Berlusconi and Fininvest
The Court of Justice alone has jurisdiction to determine whether the legality of the ECB’s decision opposing the acquisition by Fininvest and Mr Berlusconi of a qualifying holding in Banca Mediolanum is affected by any defects vitiating the preparatory acts by the Banca d’Italia. The Court ruled that the ECB has exclusive competence to decide… Lees meer »
Opinion Advocate General Juliane Kokott:the Republic of Latvia has failed to fulfil its obligations under the Statute of the ESCB and of the ECB.
Mr Ilmārs Rimšēvičs, Governor of the Latvijas Banka (Bank of Latvia), was suspended from office by a decision of the Korupcijas novēršanas un apkarošanas birojs (Office for the prevention and combating of corruption, Latvia) because he is suspected of having traded in influence for the benefit of a Latvian bank. The actions brought by Mr… Lees meer »