The Court clarifies the rules concerning the independence of a national resolution authority and actions against its decisions in respect of failing financial institutions

News Financial services Sanctions & Fines

Date: 12th Dec, 2024 Source: European Court of Justice (ECJ) Country: European Union Original Source

Brief

"On December 12, 2024, the European Court of Justice (ECJ) issued an update regarding The Court clarifies the rules concerning the independence of a national resolution authority and actions against its decisions in respect of failing financial institutions. The ECJ clarified that a decision to take a crisis management measure against a bank is liable to affect a considerable number of persons and may infringe the right to a hearing within a reasonable time."

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European Court of Justice (ECJ)

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The Court clarifies the rules concerning the independence of a national resolution authority and actions against its decisions in respect of failing financial institutions

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The Court clarifies the rules concerning the independence of a national resolution authority and actions against its decisions in respect of failing financial institutions

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European Court of Justice (ECJ)

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