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ECB sanctions Luxembourg bank for misreporting capital requirements

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Published on: 18 November 2024
Published by LNB News

LNB News 18/11/2024

Document Information

Issue Date: 18 November 2024

Published Date: 18 November 2024

Jurisdiction(s): Eire and European Union

Article summary

The European Central Bank (ECB) has imposed two administrative penalties amounting to a total of€1,685m on Banque et Caisse d'Epargne de l'Etat, Luxembourg (the bank) for misreporting calculated risk-weighted assets for market and credit risk,breaching market and credit risk reporting rules.

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Jurisdiction(s):
Eire and European Union

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