Luxembourg bank fined by ECB over capital reporting breach
( June 30, 2026, 10:07 GMT | Official Statement) -- MLex Summary: Banque Internationale à Luxembourg has been fined more than 3.25 million euros by the European Central Bank, for intentionally using the wrong method to estimate the likely losses for retail and corporate exposures in default. The mistake meant that BIL overstated its financial strength from late 2023 to mid-2024. The bank may challenge the ECB’s decision in court.Press release follows. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.