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ECB imposes sanctions on de Volksbank for miscalculated capital needs

Published on: 30 August 2023

Published by LNB News

LNB News 30/08/2023

Document Information

Issue Date: 30 August 2023

Published Date: 30 August 2023

Jurisdiction(s): European Union

Article summary

The European Central Bank (ECB) has imposed an administrative penalty of €4.47m on de Volksbank N.V after the bank miscalculated its risk weighted assets for exposures to regional governments outside the European Union.

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